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Former Plaid Exec Launches New Payments Platform: Wafi

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Former Plaid product leader Victor Umunze is launching Wafi, a payment-processing platform. Wafi is described as a “next generation” bank payment processing provider that is simple and cost-effective. The new platform is said to eliminate redundant entities in the payment processing flow, generating cost savings while increasing profitability. Wafi claims that e-commerce businesses can reduce payment processing fees by over 50%, and users earn up to 0.75% cash back on each purchase. Wafi also claims

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