Nanopay has announced a solution that it says will enable international trading partners to easily and securely process B2B payments between bank accounts. In addition to domestic payment opportunities in Canada, users can begin using the platform in February for business cross-border payments between the US and Canada, with India and China to follow in Q2 2018.
The platform enables companies to securely link their bank account to send payment requests to business partners. It provides account to account payment with full visibility and payment context with ISO 20022 metadata to enable straight-through processing (STP). Nanopay says that the platform helps account receivables teams have better access to the status of payments, whether the payment is scheduled, pending or complete. The platform is currently in private beta, with public availability beginning February 2018.