World fee processing agency Netpay Worldwide has partnered with BNC LedgerTech to offer blockchain-based providers to its clients.
BNC LedgerTech is an Israeli blockchain agency behind the digital banking resolution known as ‘Ubanker.’ Although the answer runs on blockchain know-how, the corporate is utilizing the prevailing remittance infrastructure within the banks reminiscent of SWIFT and SEPA to offer the proof-of-funds and safety to keep up the usual KYC/AML necessities.
Based in 2018, BNC LedgerTech has already partnered with 4 FinTech firms. The corporate was based by Daniel Tsafir, who can be holding the place of CEO on the agency, together with Alon Elbaz, a fee trade veteran.
Compliant with Mainstream Requirements
Ubanker serves each B2B and B2C purchasers and complies with the EU central financial institution regulatory frameworks. The corporate is within the technique of buying an EMI license to offer is monetary providers and has developed its personal blockchain to guarantee scalability.
With its blockchain-based resolution, the agency is focusing on the profitable remittance trade. In contrast to banks, which cost a proportion of the whole transferred quantity, BNC LedgerTech is just charging a hard and fast minimal charge.
Netpay, however, is likely one of the previous gamers within the fee processing trade. In line with 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 know-how.