Digital payments may be the key to pushing credit unions forward

The credit union industry has always been committed to innovation. This idea is especially important in the fast-paced, tech-driven modern world that we’re living in. In an effort to not only maintain growth but to accelerate it as much as possible, credit unions need to embrace new solutions like digital payments wherever possible.

During a time when even larger retailers like Walmart are still hesitating to accept some kinds of contactless payments, credit unions can easily separate themselves from competitors by way of digital payments and instill a new sense of loyalty in their members at the exact same time.

Digital payments empower digital acceleration

A major element that has always been attractive to people when it comes to credit unions has to do with the personalized touch that these organizations often offer. This has been especially evident in recent years. Where larger banks have been making it more difficult for people to make payments or get credit lines, credit unions have been going in the opposite direction. Some have even started to offer access to loans without underwriting in an attempt to help members who may need financial assistance. This builds an incredible amount of trust and loyalty almost immediately.

 

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