Treasury Prime Integrates with Astra for Real-Time Embedded Payments
On September 18, 2023, Treasury Prime announced a partnership integration with Astra to deliver real-time payment capabilities to its embedded banking customers. The integration enables instant account funding and push-to-card disbursements, offering significantly faster alternatives to traditional ACH transfers that can take multiple business days. Treasury Prime, a BaaS provider connecting fintechs to bank partners, adds Astra's real-time payment rails to its platform, allowing fintech clients to offer instant money movement features to their end users.
The partnership addresses growing consumer and business demand for immediate fund availability. Push-to-card disbursements are particularly relevant for gig economy platforms, insurance payouts, and other use cases requiring instant payments. Financial terms of the partnership were not disclosed.
The integration is expected to be available to Treasury Prime's existing and new fintech clients through its API platform.
- Real-time payment capabilities becoming table stakes for BaaS platforms as fintechs demand instant money movement
- Partnership model enables BaaS providers to rapidly expand payment rails without building proprietary infrastructure