VoPay Created Real-Time Bank Payments for Canada (& They’re Coming to the USA) w/ Hamed Arbibi

01/28/20 • 16 min

Why we all love credit cards: they’re speedy, convenient, and transparent.

Why we all dislike credit cards: they’re expensive.

What if you could make a bank account transaction at the speed, convenience, and transparency of a credit card transaction, but without the fees?

That’s the basic premise behind Hamed Arbibi’s newest venture, VoPay.

In this episode, 3-time Founder and CEO, Hamed Arbibi talks about how VoPay is creating a new financial landscape in Canada, enabling rapid bank-to-bank transactions, without overbearing credit card interchange fees.

What we talked about:

Hamed saw the banking industry was ready for real-time payment processing
80% of business transactions go thru banks (& they’re invisible)
How VoPay is creating speed & visibility thru bank-to-bank processing
The similarities between EFT in Canada & ACH in the US
1 more differentiator: VoPay’s product is built on customer feedback
Real-time bank-to-bank processing
Bank account payment transactions

To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.

Until next time!

Hosted on Acast. See acast.com/privacy for more information.

Why we all love credit cards: they’re speedy, convenient, and transparent.

Why we all dislike credit cards: they’re expensive.

What if you could make a bank account transaction at the speed, convenience, and transparency of a credit card transaction, but without the fees?

That’s the basic premise behind Hamed Arbibi’s newest venture, VoPay.

What we talked about:

Hamed saw the banking industry was ready for real-time payment processing
80% of business transactions go thru banks (& they’re invisible)
How VoPay is creating speed & visibility thru bank-to-bank processing
The similarities between EFT in Canada & ACH in the US
1 more differentiator: VoPay’s product is built on customer feedback
Real-time bank-to-bank processing
Bank account payment transactions

To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.

Until next time!

Hosted on Acast. See acast.com/privacy for more information.

Previous Episode

Three Problems Movo’s Digital Cash Is Solving (That Traditional Banks Aren’t) w/ Eric Solis

The term “disruption” doesn’t just get thrown around occasionally. “Disruption” gets thrown around incessantly — especially in tech, and, perhaps even more especially in fintech.

Let us introduce perhaps the one founder who is not actually trying to disrupt traditional banking.

Meet Eric Solis, a 3-time fintech founder, former SVP of investments for Merrill Lynch, former VP of Investments for Prudential Securities, a full stack entrepreneur with educational credits in bitcoin, AI, and business from MIT, Oxford, and Stanford.

Eric came on the Payments Innovation podcast to share about his latest creation — MovoCash, and how he’s using it to solve problems for the underbanked, without disrupting traditional banking.

What we talked about:

What is MovoCash
Eric says they solve 3 problems traditional banks couldn’t:
- 1) Guaranteed payment
- 2) Getting money off the ledger
- 3) Preventing fraud & creating denominations
Eric’s not actually out to disrupt the banks

To ensure that you never miss an episode of Payments Innovation, subscribe on Apple Podcasts, or Spotify, or here.

Until next time!

Hosted on Acast. See acast.com/privacy for more information.

Next Episode

Allied Payment Was Ready for Open Banking, & Here’s What They Have to Say w/ Ralph Marcuccilli & Kelli Schultz

Open banking actually serves smaller financial institutions, like credit unions and community banks, more than anyone else ... they just need to know the value.

That’s why we invited banking experts Ralph Marcuccilli & Kelli Schultz on this episode of the Payments Innovation podcast. They explain the ins and outs of open banking, and what it can mean for smaller financial institutions.

Ralph was a 20-year veteran of the banking industry, and, in 2010, he founded Allied Payment, where Kelli is now the President. She comes from 2 decades of experience in and around the networks surrounding banking platforms.

What we talked about: