As the payment industry focuses on innovation on which to build the next generation of payment solutions it faces a challenge — much of the current payment infrastructure to power innovation is built on legacy systems.
nanopay has built a modern payment platform exposed via REST APIs for easy integration that can power a broad range of solutions.
Increased globalization of business is driving the need for banks and businesses to easily transfer money across borders and continents. Cross-border payments today are expensive, slow, opaque and often require manual intervention. nanopay enables instantaneous, multi-currency transfer of funds, and is designed to satisfy diverse global risk and compliance requirements.
B2B trade is becoming increasingly global as businesses exchange goods and services with international trading partners. nanopay provides a trusted B2B payment network leveraging ISO 20022 messages to enable companies to send payment requests and pay vendor partners with complete transparency and transaction context. Companies are able to improve cash flow and make payments without exchanging sensitive banking information.
nanopay provides a digital cash platform designed by the Royal Canadian Mint to be backed by fiat currency. MintChip is designed to enable person-to-person (P2P), online and retail in-store payments. The platform is a collateralized, bearer-asset system that securely stores and instantly transfers value between two, or more users. All MintChip transactions are final, irrevocable and require no intermediaries.
Trading financial instruments is a complex process. The financial instrument exchange is one part while the second part is the clearing and settlement of funds from trades. nanopay integrates digital cash into bank’s back-end systems to reduce clearing and settlement costs and more importantly, free trapped capital caused by the typical T+3 timeframe.
Find out how nanopay is transforming payments globally.