Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
VoPay Unlocks Real-Time Wallet Payouts and Global Reach
VoPay | Sep 22, 2025
Image: Freepik
VoPay launches real time PayPal and Venmo payouts and expands cross border reach to over 140 countries
On September 18, 2025, VoPay announced real time PayPal and Venmo payouts for businesses in Canada and the U.S. This innovative development comes as digital wallets are expanding rapidly.
See: Banks Retreat From Payments as Moneris Sale Looms
Global wallet transaction value is forecasted to rise from about $8.3 trillion in 2025 to $19.7 trillion by 2030, nearly 19% CAGR. In addition to payout flexibility, users also want speed of course, with 61% of millennials showing preference for real-time payouts. Venmo alone processed $275 billion in 2023, about 18% of PayPal volume.
Hamed Arbabi, CEO of VoPay:
“At VoPay, we’re laser-focused on giving businesses access to every major financial rail and wallet through one embedded platform. Our collaboration with PayPal unlocks real-time PayPal and Venmo access for our clients, enabling them to expand choice, optimize operations, and deliver modern, inclusive customer experiences. This is a transformative step in making financial interactions faster, simpler, and universally accessible.”
Wallet Payouts Power Global Growth and Canadian Competitiveness
VoPay’s update enables platforms to send funds to PayPal in Canada and the U.S. and to Venmo in the U.S. with a single API or portal. Recipients can be identified by email, phone number, or wallet handle, giving users wallet choice alongside bank transfers and virtual accounts. Compliance, reporting, settlement, and reconciliation are handled in one place, reducing manual work and errors.
See: Consumer Trust and Trends in US Digital Banking
Embedded finance helps companies run more smoothly by using automation and one set of APIs.
- Wallet options give people the speed and convenience they want
- Global reach makes it easier to pay contractors, creators, and vendors in different countries
- VoPay’s cross border platform now works in more than 140 countries, so businesses can enter new markets without setting up local payment systems
Canadian firms compete on how fast and reliably they move money. Wallet payouts lower failed attempts and shorten user wait times. Together with automation efficiencies and global reach, Canadian financial technology firms can now more easily raise the bar for user experience and operational strength.
Proof Point from a Canadian Lender
According to this case study, a Canadian consumer lender modernized disbursements, repayments, and reconciliation with VoPay's suite of solutions. As a result, the company reported a 25% reduction in manual tasks and about 30% lower labour costs after automating. Weekly reconciliation dropped from 10 hours to near zero, and non sufficient funds processing fell from 20 hours a month to near none. These gains free up staff, reduce errors, and deliver faster funding to borrowers.
Outlook
Instant payouts and wallet choice are becoming standard. Cross border support will matter more as platforms serve global workers and customers. Companies like VoPay that combine embedded finance, wallet rails, and cross border payouts in a single tech stack will be better positioned to scale, control costs, and meet rising client expectations.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create aa vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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