Case Study: Wagepay achieves instant wage advances at scale with Monoova

Wagepay enables employees to gain financial control through instant wage advances with Monoova

Wagepay, a fintech company, needed a reliable and fast payment solution to disburse instant wage advances to its customers at scale. Their challenge was to ensure near real-time payments while maintaining system stability, robust security, and seamless API integration to support their automated processes. They chose Monoova's New Payments Platform (NPP) services to handle their disbursements.

By implementing Monoova's solution, Wagepay reliably processed over 330,000 payments in two years, with nearly all funds reaching customers in under 60 seconds. Monoova provided the critical stability, security, and integration capabilities that enabled Wagepay to support a planned 3X annual growth. The partnership also extended to launching new products like PayTo, further modernizing Wagepay's payment processes.

Wagepay

Tony Chan

Founder and Chief Executive Officer