Payments Innovation VoPay Created Real-Time Bank Payments for Canada (& They’re Coming to the USA) w/ Hamed Arbibi
Why we all love credit cards: they’re speedy, convenient, and transparent.
Why we all dislike credit cards: they’re expensive.
What if you could make a bank account transaction at the speed, convenience, and transparency of a credit card transaction, but without the fees?
That’s the basic premise behind Hamed Arbibi’s newest venture, VoPay.
In this episode, 3-time Founder and CEO, Hamed Arbibi talks about how VoPay is creating a new financial landscape in Canada, enabling rapid bank-to-bank transactions, without overbearing credit card interchange fees.
What we talked about:
- Hamed saw the banking industry was ready for real-time payment processing
- 80% of business transactions go thru banks (& they’re invisible)
- How VoPay is creating speed & visibility thru bank-to-bank processing
- The similarities between EFT in Canada & ACH in the US
- 1 more differentiator: VoPay’s product is built on customer feedback
- Real-time bank-to-bank processing
- Bank account payment transactions
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Until next time!
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