“Can SMS-native loan payment collection become the default communication and payment layer between credit unions and their borrowers?”
MessagePay was founded in 2017 as a Spera, Inc. product focused on enabling financial institutions — primarily credit unions and industrial banks — to collect loan payments via SMS text message, without requiring app downloads or customer portal logins. The product is positioned as a self-serve, text-to-pay solution that reduces inbound support load. A key milestone was integrating with Fiserv to extend SMS payment capabilities into Fiserv's credit union ecosystem, anchoring MessagePay's go-to-market around processor and core banking partnerships.
Messagepay discloses Fiserv as its banking provider, according to the Embedded Finance Index 2026.
Messagepay does not disclose a bank charter of its own; its banking services are provided through Fiserv.
Messagepay processes payments through Fiserv.
The Embedded Finance Index 2026 maps 2 layers in Messagepay's stack: Payments / PSP (Fiserv); Banking / BaaS (Fiserv).
Messagepay is founded in 2017 and headquartered in Alpine, Utah, United States.
Get a read on where your own stack stands against Messagepay and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.