VoPay, a leader in payment innovation, has partnered with Telpay, an electronic payment solutions provider, to offer a set of tools and APIs that instantly enable Canadian digital platforms to access Canada’s largest biller list of over 150,000 businesses. This partnership will provide a new level of payment convenience.
Last year, Telpay processed over 15.4 million transactions valued at $20.7 billion for individuals, financial service providers, and businesses including most of Canada’s largest utilities and hundreds of thousands of other Canadian and international businesses.
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VoPay’s payment technology solution improves how businesses initiate and accept financial transactions and resolve key payment uncertainties by validating and authenticating bank account information and financial data instantly at the time of the transaction. The solution helps businesses to process payments more efficiently through facilitating direct bank account payments by eliminating the credit card fees and replacing it with a flat fee per transaction that may be paid by the payor or payee. VoPay makes this possible by offering Canadian businesses a seamless alternative that is 80-90% lower in cost than traditional credit card fees.
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“Telpay has become a bill payment leader across the country and we’re pleased to help support their continued growth by bringing the latest in payment technology to Canada’s digital platforms through our developer friendly API,” said VoPay CEO Hamed Arbabi.
“Telpay is very pleased to have VoPay’s assistance in extending the reach of our services to all corners of Canada. We look forward to working with VoPay, to add clients and extend the payment innovations we have become known for,” explains Telpay President W.H. (Bill) Loewen.
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