PayPal and Venmo real-time payouts now available through VoPay integration
VoPay, a Vancouver-based company specialising in embedded payments and treasury-as-a-service solutions, has announced a significant integration with PayPal and Venmo as part of its ongoing efforts to strengthen its payment orchestration platform.
The integration is designed to optimise business operations, simplify financial transactions, and deliver modern, inclusive customer experiences. Hamed Arbabi, the CEO of VoPay, is leading the company's efforts to provide businesses access to various financial rails and wallets through a single embedded platform.
"Our goal is to give businesses access to every major financial rail and wallet through one embedded platform," Arbabi said. "By offering access to PayPal and Venmo, we continue to give businesses access to major financial rails and wallets."
This new feature allows businesses to expand their payment options, catering to the growing demand for instant and inclusive payouts, particularly in industries like the gig economy and insurance. The collaboration with PayPal provides VoPay's clients with real-time access to PayPal and Venmo, making financial interactions faster.
The integration is a transformative step in making financial interactions universally accessible. By providing a direct channel to hundreds of millions of digital wallet users, this move positions VoPay as a comprehensive payments partner. The company aims to help businesses improve payout success, expand market reach, and offer customers more choice.
"We are excited about this integration as it aligns with our strategy to differentiate ourselves in the embedded finance space," Arbabi added. "With this integration, we are positioning ourselves as a comprehensive payments partner, providing businesses with the tools they need to thrive in today's digital economy."
VoPay's expansion includes real-time payouts to PayPal and Venmo, further enhancing its embedded payments platform. The company is committed to making financial interactions seamless, efficient, and accessible for businesses and their customers.
This news follows VoPay's recent success in the market, demonstrating the company's commitment to innovation and growth in the embedded finance industry. With the PayPal and Venmo integration, VoPay is set to continue its mission of providing businesses with access to the financial rails they need to succeed.
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