Ingo Payments and Elektra USA Team for Faster Remittances

Money mobility solutions provider Ingo Payments partnered with money transfer FinTech Elektra USA.

The collaboration is designed to let Elektra’s customers in the United States, members of the Hispanic community in the U.S., Mexico and Latin America, fund their accounts in the Elektra Go app in real time using Ingo’s instant account funding solution, according to a Wednesday (Feb. 11) press release.

“Traditional account funding methods are often slow and inefficient, creating friction in the user experience and leaving many accounts unfunded, limiting their usability from the start,” the release said. “In contrast, with Ingo’s instant account funding solution, Elektra Go users can pull funds directly from their debit cards and transact immediately, enhancing their overall experience for faster and simpler remittances.”

The partnership spotlights the growing demand for real-time financial solutions, letting Elektra USA meet modern consumer expectations while underlining the importance of secure, efficient money movement across communities worldwide, according to the release.

“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,” Ingo Payments CEO Drew Edwards said in the release.

The PYMNTS Intelligence report “Fee Sensitivity and the Opt-In Economics of Instant Payouts,” produced in collaboration with Ingo Payments, found that nearly three-quarters of consumers said they’ve gotten at least one payout instantly, a signal that instant delivery has achieved mainstream status.

However, there is also a growing disconnect between access and habit, PYMNTS reported Thursday (Feb. 5). Although many consumers use this method when it’s available, fewer rely on it most of the time.

“The difference lies not in awareness or trust, but in economics,” the report said.

Ingo Payments also worked with PYMNTS Intelligence on “The Faster-Payments Imperative for Small-Business Cash Flow,” a report that examined how slow-moving receivables and legacy systems place small- to medium-sized businesses (SMBs) at risk and how faster, modern payment capabilities are transforming cash flow visibility, liquidity and long-term financial resilience.

“Late payments create immediate operational strain,” PYMNTS reported Wednesday. “Businesses are forced to postpone payroll, delay vendor payments or rely on short-term credit to cover routine expenses. Over time, these disruptions erode trust with suppliers and employees while signaling higher risk to lenders.”