For any business, payments can be a time-consuming task. When they aren’t set up efficiently, they can slow down everything else. This then carries the risk of slowing down other parts of the company as a result.
To make payment workflows faster and more reliable, many platforms use specialist payment providers rather than relying solely on traditional banks. One of those providers is Modulr.
What is Modulr?
Modulr is a UK-based payments infrastructure provider that allows businesses and software platforms to embed financial functionality directly into their systems.
Instead of managing payments manually through online banking, companies can use Modulr to:
- Automate bulk or recurring payments
- Manage deductions or adjustments within payment runs
- Build payment processes directly into their own software
This allows payments to become part of operational workflows rather than a separate task.
How does Modulr work?
Modulr provides access to payment services through APIs and integrations. This makes it possible for businesses to connect payments directly to their processes – whether that’s contractor payouts, supplier payments, or scheduled transfers.
In a logistics setting, this often supports several key areas:
- Faster driver payouts
- Better transaction visibility
- Automation for scaling fleets
What are the benefits of Modulr?
Many software platforms rely on infrastructure providers like Modulr because they make it possible to build payment functionality directly into their product, rather than managing it externally through online banking. This helps businesses to keep their payment processes more consistent with their product.
Modulr is also regulated by the Financial Conduct Authority, meaning it meets strict standards for fund safety, data protection, and system maintenance. As a result, businesses get reassurance that payments are handled within a safe and secure framework.
As a result, Modulr works in the background, providing payment capabilities whilst the platform manager handles the user experience and the payment process. This allows the business to offer integrated payment features without needing to build their own financial system.
Why Wise has partnered with Modulr
For logistics businesses using Wise, payments are closely connected to onboarding, compliance, and driver management.
Partnering with an FCA-regulated provider like Modulr means Wise can integrate compliant payment functionality directly into its platform. These features help logistics firms with:
- Driver payment details as part of onboarding
- Automated payout cycles for subcontractor fleets
- Financial visibility across operations
By combining Wise’s platform with Modulr’s payment infrastructure, logistics businesses can manage onboarding, compliance, and payments in one connected system rather than across multiple tools.
Take the hassle out
of manual invoicing.
Automate driver invoices and deductions with our payments platform, powered by Modulr, so you can rest assured that they’re paid on-time, every time.
