Payments platform VoPay, based in Canada, has partnered with Cross River Bank as part of an initiative to expand into the United States. VoPay says the collaboration aligns with its ambition to broaden its service offerings.
Cross River is a regulated bank that provides infrastructure to many different Fintechs. VoPay will utilize Cross River’s platform to access the US banking and payment network.
Hamed Arbabi, CEO of VoPay, described the partnership with Cross River as a transformative moment for VoPay.
Keith Vander Leest, Head of Payments at Cross River, said the partnership stems from a shared commitment to the Fintech landscape that incorporates responsible innovation.
“By leveraging proprietary API technology, our collaboration ensures transparency to the underlying user for transaction monitoring while allowing for seamless and efficient transactions, empowering businesses with secure money movement in today’s regulatory environment.”
VoPay will be able to access the established payment rails in the US via Cross River, including FedNow.
VoPay will also benefit from Cross Rivers’ extensive experience and compliant operations.