Technology

Exclusive: Netpay Partners with BNC LedgerTech

Global cost processing agency Netpay International has partnered with BNC LedgerTech to offer blockchain-based companies to its clients.

BNC LedgerTech is an Israeli blockchain agency behind the digital banking resolution referred to as ‘Ubanker’. Though the answer runs on blockchain expertise, the corporate is utilizing the prevailing remittance infrastructure within the banks equivalent to SWIFT and SEPA to offer the proof-of-funds and safety to take care of the usual KYC/AML necessities.

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Founded in 2018, BNC LedgerTech has already partnered with 4 FinTech firms. The firm was based by Daniel Tsafir, who can be holding the place of CEO on the agency, alongside Alon Elbaz, a cost trade veteran.

Compliant with Mainstream Standards

Ubanker serves each B2B and B2C shoppers and complies with the EU central financial institution regulatory frameworks. The firm is within the means of buying an EMI license to offer is monetary companies and has developed its personal blockchain to guarantee scalability.

With its blockchain-based resolution, the agency is concentrating on the profitable remittance trade. Unlike banks which cost a share of the entire transferred quantity, BNC LedgerTech is barely charging a set minimal charge.

Netpay, alternatively, is likely one of the outdated gamers within the cost processing trade. According to its web site, the agency has partnered with greater than 100 banks worldwide to make sure safe transactions in any a part of the world.

The partnership with BNC LedgerTech will permit the agency to slowly migrate to the distributed ledger expertise.

 

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David

David is the founder of DebtDefined.com. The firm originates business financing for companies of all size in the Canadian marketplace . Originations include business loans, term loans, asset based lines of credit, SR ED Tax credit financing , and receivable financing .

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