VoPay Instant™

Overview

VoPay Instant™ is a near-real-time bank payout service that uses the Interac network to send funds directly to Canadian bank accounts using standard banking details (institution number, branch number, account number). Transactions are denominated in CAD, are irrevocable once submitted, and are payout-only (no collections). Cancellation requests can be made but are not guaranteed.

Use Cases

• Instant Loan Disbursements — Deposit approved loan funds into a borrower's bank account in real-time, any time of day.
• Emergency Funding — Send urgent funds to individuals or businesses within seconds, including nights and weekends.
• Insurance Claim Payouts — Settle approved claims immediately without waiting for batch processing windows.
• Healthcare Reimbursement — Return patient overpayments or insurance reimbursements the same day they are approved.
• Earned Wage Access — Let employees access their earned wages before their scheduled payday.
• Marketplace Payouts — Distribute seller or contractor earnings the moment a transaction clears on your platform.