Hank Payments Corp. (TSE:HANK) has released an update.
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Hank Payments Corp. has teamed up with FinWise Bank in a strategic partnership aimed at enhancing payment services and consumer financial management, including loan repayments and savings programs. This collaboration is expected to bolster Hank Payments’ revenue through new monthly fees from increased transaction deposits and advance FinWise’s commitment to expanding its payment processing capabilities and fee revenue sources. The partnership, which leverages Hank’s financial technology and FinWise’s banking solutions, is set to launch in the second quarter of 2024.
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