The Ingo Payments partnership with Elektra USA reflects the accelerating demand for real time money movement across the fintech ecosystem, particularly within underserved and cross border communities.
Ingo Payments, a provider of embedded banking and money mobility solutions, announced a new collaboration with Elektra USA, the financial technology company behind the Elektra Go app. Through the Ingo Payments partnership with Elektra USA, customers in the United States will be able to fund their Elektra Go accounts instantly using Ingo’s real time account funding technology.
Elektra USA, which focuses on delivering secure, convenient, and cost effective financial services to the Hispanic community across the United States, Mexico, and Latin America, identified instant account funding as a key enhancement to its digital offering. By integrating Ingo’s solution, Elektra Go users can add funds to their accounts in real time and immediately initiate remittances abroad.
Traditional account funding methods often rely on ACH transfers or other processes that can delay availability of funds. These delays may create friction during onboarding and leave newly opened accounts unfunded, reducing engagement from the outset. In contrast, Ingo’s technology enables users to pull funds directly from their debit cards and transact without waiting periods. This capability supports faster remittance payments and improves the overall user experience within the Elektra Go app.
“With Ingo’s instant account funding solution, we provide users with an instant and frictionless remittance payment experience,” says Maribel Soto, Head of Product of Elektra USA. “This partnership strengthens our commitment to delivering accessible, fast, and secure financial services to Elektra Go users and the Hispanic community, empowering them to live their dreams.”
The collaboration also aligns with broader industry trends toward embedded finance and digital wallet adoption, where consumers increasingly expect seamless, on demand access to funds. Real time payments and instant debit card funding are becoming foundational features for fintech platforms competing in the remittance and cross border payments market.
Drew Edwards, Ingo Payments CEO, added, “Our collaboration with Elektra USA ensures accounts are instantly funded and fully functional right away, providing customers with real-time money mobility when it matters most.”
By enabling instant account activation and immediate usability, the Ingo Payments partnership with Elektra USA positions Elektra Go to better serve customers who rely on timely cross border transfers. As digital remittances continue to grow and financial inclusion remains a priority, the integration underscores how real time funding infrastructure is reshaping customer expectations for secure, efficient, and accessible money movement in the United States and beyond.
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