NovoPayment

In an effort to scale its operation, gig economy leader Rappi needed a procurement process that allowed its under-banked delivery workers to directly receive funds for purchases or for their own personal accounts.

NovoPayment, in partnership with Banco Pichincha Colombia, enabled Rappi to enroll and authenticate workers on its platform, while electronically funding network-branded accounts in real-time, creating mass payout capabilities.

Rappi dramatically increased its operational efficiencies, productivity, and scaling capacity as workers achieved real-time transactional capabilities. Today, Rappi can issue, fund and block accounts, tap real-time transaction data, and recall unused funds.