Wedge, the first fintech firm that allows everyday transactions to be made in exchange for assets through programmable payments is entering to AppMarket of Fiserv, a collaborative online marketplace to demonstrate its potential as a transformative technology for financial institutions to access.
Wedge is a cutting-edge financial system that enables clients to utilize a single card to make purchases from numerous fiat accounts and assets. With the first digital wallet and spending software of its kind from Wedge, users may pay for regular transactions with any asset in their Wedge wallet, including cash, equities, cryptocurrencies, and stocks.
By allowing customers to choose the best asset to use at the checkout to conserve on transactions by taking advantage of real-time market fluctuations, Wedge as an app, is redefining everyday spending. The Apple and Google Play app stores both provide the app.
With its capacity to streamline a user’s wallet while giving them more upside than attainable with traditional credit and debit options, this 2021 established fintech company is poised to disrupt the payments industry. Wedge allows customers the flexibility to make purchases using their stocks, cryptocurrency, ETFs, or cash in the method that suits them best while receiving rewards and profiting from market fluctuations.
The Wedge’s debut on the AppMarket will quicken the company’s growth trajectory and enable it to reach more financial institutions with its technology. To advance its objective of transforming consumer spending, Wedge will also make use of a real-time fintech ledger and debit issuing capabilities from Fiserv.Users of Wedge maintain their banking and funding links while combining them with a fresh, intuitive method to spend.
Billy Roberts, Wedge CEO commented: “We have an opportunity to disrupt the payments space and shift how consumers think about optimizing their day-to-day spending needs moving forward”. Roberts added: “We are incredibly excited about working with Fiserv, and the positive impact we can have in our industry and for consumers.”
Fiserv technology and services are used by about 40% of banks and credit unions in the United States. Financial institutions all around the nation will be able to provide Wedge to their accountholders thanks to its availability in Fiserv’s AppMarket.
More about Fiserv:
The goal of Fiserv, Inc. is to be a prime leader in the transformation of the exchange of information and money in the world. As a pioneer in the field of payments and financial technology, the business assists clients in achieving best-in-class outcomes by focusing on innovation and excellence in a variety of fields, including account processing, payments, digital banking solutions, merchant acquiring, e-commerce, and Clover cloud-based point-of-sale and business management platform.
Fiserv belongs to the S&P 500 Index, and the FORTUNE 500, and has been designated as the World’s Most Admired Companies Fast Company two years in a row and among the World’s Most Innovative Companies for 11 of the previous 14 years.
Sunil Sachdev, head of Fintech and Growth, at Fiserv said: “Consumers today are particularly interested in options that simplify the payment experience while enabling their dollars to go further.” “By facilitating availability of programmable payments via AppMarket, we’re empowering our clients to connect their accountholders with the fintech experiences they desire, all through their trusted financial institution relationship” Sachdev explains.