VoPay, a payment technology solutions provider, has partnered with Currencycloud to deliver real-time cross border B2B payments. Currencycloud will embed its cross-border payments APIs within VoPay's API and solution, according to a press release.

Through this partnership, the companies plan to offer a quicker. more effective cross-border solution that avoid common pitfalls such as poor exchange rates and expensive services.

"VoPay has been a company we have wanted to work with for some time," Richard Arundel, general manager North America and co-founder of Currencycloud, said in the release. "The issues for Canadian businesses and consumers with cross-border payments have been well documented and we are looking forward to changing this landscape with VoPay."