Brazilian company Treviso has teamed up with Canada-based nanopay to offer self-service international payments to its personal and business customers.

AS per the agreement, nanopay will offer remittances to 10 countries in the first phase.

In consequent phases, the company hopes to extend this offering to its network of more than 150 countries.

nanopay claims that its platform is based on hybrid blockchain technology that clubs the features of blockchain and conventional databases.

Treviso CEO Wilson Nagem said: “A self-service portal for international payments is something we have yet to see in Brazil, and we believe that it will be a real differentiator in the market.

“It has been a great experience working with the nanopay team. We look forward to capitalizing on all their technology has to offer in future releases.”

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By GlobalData

Treviso will leverage nanopay’s white-label service to allow its customers to wrap up international payments online and streamlining processes.

nanopay VP payment operations Carlos Garcia said: “Similarly to Canada, the financial services industry in Brazil is highly concentrated with only a few major banks. The lack of competition typically leaves small businesses and personal consumers underserved.

“With our technology, Treviso can enhance the experience for these customer segments beyond the competition with an expanded product suite and a new channel to market.”

Treviso has been operating in the foreign exchange market since two decades. It has over 200 partners across Brazil and offers international remittances for businesses, multi-currency prepaid cards for consumers and a free, online exchange alert service.