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VoPay partners with Hydrogen to offer payment processing solutions

VoPay

Hamed Arbabi, CEO at VoPay

Canadian PayTech firm VoPay has partnered with New York-based Hydrogen, a global fintech acceleration platform, to offer their clients end-to-end payment processing solutions, including open banking payments.

The partnership will give fintechs access to VoPay’s digital bank payment tools directly through the Hydrogen API, in addition to Hydrogen’s other financial service integrations. This access will enable fintechs to better serve the consumers interested in banking with non-financial companies.

VoPay’s Founder & CEO, Hamed Arbabi, said, “most financial technology companies don’t have the resources nor the time to quickly connect to payment networks or handle complex workflows. Through our partnership with Hydrogen, we empower fintechs to go to market faster, scale more rapidly and automate key processes through our white label solution.”

VoPay’s solutions will be available through the Hydrogen Platform in early 2020.

“This partnership will allow the Hydrogen network to transfer money between accounts and verify the account owners, in a seamless way. This is another step towards an era where one platform is open to fintech providers, financial institutions, third-party vendors, and end users – an ecosystem of the future of finance,” stated Ken Kavanaugh, Director of Partnerships at Hydrogen.

Recently, VoPay entered into a partnership agreement with Plaid, a data network provider, to offer its payment solution to businesses across North America. The partnership is a part of VoPay’s initiative to extend its services to customers across North America to eliminate the common problems faced by them in payment processing, such as transparency and cost.

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