Company Database - VoPay

Payment Processing Made Faster

VoPay is a data-driven payment transformation company. We build innovative products that reduce friction in B2B payments and enable near real-time processing for digital platforms that require payments capabilities. By integrating a single AP Iintegration, businesses can instantly connect to all major payment rails securely and leverage customer-centric information for better decision making. 

Active since


Head office

Vancouver, BC 


Hamed Arbabi 

Funding round and investors


Service provider type

API connectivity for payment initiation 

How it works

VoPay is a provider of Open Banking payment technology enabling businesses to embed banking and payment infrastructure into their platforms to seamlessly send funds, remit payments, and reconcile financial transactions. Our payment services are deployed through a single APIintegration, online portal, or white-label option, providing highly customisable and configurable solutions for all industries. 

What problem does the company solve

At VoPay, we have one goal: to eliminate all payment inefficiencies by building a robust digital payments infrastructure for today’s economy. This means we’re obsessed with innovating to ensure we keep up with fast-paced digital transformation and building cutting-edge payment solutions. 

Types of supported APIs\API standard supported

Rest API’s 

Industries/target markets

Lending, Loan Management Software Companies, ISV, Investment Platforms, Marketplaces, Digital Enterprises 

Geographical coverage (operational area)

North America

Business model/pricing

VoPay offers customisable packages based on business size and payment types. We have a range of packages to suit all sizes and types on business from Growth stage to Enterprise partnerships. 


Cloud enabled (AWS) 

Software language


Software development tools

Jira, Bitbucket, Confluence, Visual Studio Code 

When was the core technology developed?


Do you have redundancy and coverage provided by multiple integrations(APIs & Direct Access)?

We currently only offer API access to our clients (we also offer a Client Dashboard; however, this is simply a UIfor our APIendpoints). These APIs act as gateway to the financial institutions that we partner with (ex: BMO, Fiserv, Flinks, etc). Our redundancy comes in the form of multiple partners which our APIs can access. If one of our partners is down or offline, we have the ability to route traffic to other partners. 

How will you handle automated refunds?

To refund the customer’s payment after the Payment has succeeded, customers can create a refund by providing the original transaction ID and the full amount will be returned to the same account number. They can also optionally refund part of a payment by specifying an amount. 

How will you mitigate the risk of bank transactions failing?

The transaction amount is held and is not available to the recipient until the bank transaction is settled (typically in T+3 business days). Once the funds clear, we release the hold on the amount. 

How will you reconcile payments efficiently?

We receive intra-day reports from our banking partners updating us on the status of each transaction we process. These reports are used to reconcile payments in near-real time. 


FDATA, Canadian Lenders Association, Global Payments, Fiserv, NCFA, Payments Canada, Plaid, Flinks, Inverite, Marble Financial, Katipult, Berkeley, RBC, Visa, TD, BMO, Mastercard, AFEX, MX,CurrencyCloud, MARS, Paytechs of Canada, Financial Data Exchange, Hydrogen Platform. 

Customer/case studies



Fintech Innovator of the Year 2021 by the Canadian Lenders Association 

Business revenue

Private company - undisclosed 

Contact VoPay

Four Bentall Centre 1055 Dunsmuir Street Suite 594
Vancouver, BC

Reports covering VoPay

7 Oct 2021 Open Banking Report 2021
::: more reports