VoPay has teamed up with Telpay, which offers electronic payment solutions, to provide digital platforms in Canada with access to the country’s billers list of nearly 150,000 businesses.

In 2018, Telpay processed more than 15.4 million transactions worth $20.7bn for domestic as well as international financial service providers, individuals and businesses.

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VoPay’s payment technology solution is designed to help businesses initiate and accept payments. It also authenticates bank account details and financial data during the transaction.

Businesses can use the solution for direct bank account payments.  VoPay replaces the credit card fees with a flat transaction fee.

VoPay CEO Hamed Arbabi said: “Telpay has become a bill payment leader across the country and we’re pleased to help support their continued growth by bringing the latest in payment technology to Canada’s digital platforms through our developer friendly API.”

Telpay president WH Loewen said: “Telpay is very pleased to have VoPay’s assistance in extending the reach of our services to all corners of Canada. We look forward to working with VoPay, to add clients and extend the payment innovations we have become known for.”

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VoPay solutions will be available through Telpay for Business product later this year.

Last November, VoPay collaborated with fintech firm Plaid to offer its payment solution to businesses in North America.

The alliance links VoPay to Plaid’s network of more than 15,000 financial institutions to enable the online bank account payments.