VoPay, a leader in payment technology innovation, and Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, have announced a partnership to deliver a streamlined, real-time cross-border B2B payments solution.
Currencycloud’s cross-border payments APIs will be embedded within VoPay’s API and out of the box solution, enabling businesses to move money more seamlessly and quickly when making international payments. Heightened expectations are transforming global payments strategies and infrastructure to become faster, and more inclusive for both consumers and businesses.
The transparency provided with Currencycloud’s APIs, combined with VoPay’s payments-as-a-service platform, overcomes many of the issues associated with traditional wire transfers, that are often expensive, slow and offer poor exchange rates to businesses that need to send money cross-border.
Richard Arundel, General Manager North America & Co-founder of Currencycloud, commented: “VoPay has been a company we have wanted to work with for some time. The issues for Canadian businesses and consumers with cross-border payments have been well documented and we are looking forward to changing this landscape with VoPay.”
Hamed Arbabi, CEO & Founder of VoPay, commented: “Our partnership with Currencycloud and the clarity, value and speed which their service provides, extends our technology offering and solves an ongoing pain point that has been further highlighted during the pandemic.”
Businesses and financial institutions that want to take advantage of the new transparency and value for cross-border payments offered through the VoPay Currencycloud partnership can do so now: vopay.com/currency-cloud
Currencycloud’s technology is unlocking the global economy for payment platforms of the future. Today, Currencycloud has 85 different APIs across four modules – collect, convert, pay and manage – that cover the entire workflow in B2B cross-border payments. The as-a-service platform is proprietary and is fully cloud-based on AWS using Restful APIs. Launched in 2012, Currencycloud is based in London and is regulated in Europe, the U.S. and Canada, and has processed more than $50bn to over 180 countries. Currencycloud works with banks and Fintechs globally including Starling Bank, Standard Bank South Africa and Brookline Bank, as well as partnering with Visa to deliver innovation in travel payments.
About VoPay International Inc.
VoPay is a leader in payment innovation offering a single API that instantly connects businesses to global banking and payment networks with speed and transparency. The company has one goal: to eliminate all payment inefficiencies, so businesses can focus on what they do best in today’s fast-paced digital economy. Discover the art of seamless and secure bank payments at vopay.com.