Money Transfers Should Be As Easy As Ordering Pizza


A new digital payment technology by Toronto-based Nanopay is avoiding the ‘black hole’ of money transfers. Here to explain is Nanopay’s Head of Products Simon Keogh, featured guest on today’s episode of the Software and Technology podcast brought to you by Marketscale.

“When a wire goes across, it goes into a black hole,” Keogh says. “It’s up to someone on the other end to notify me that they’ve received the funds.”

Wire transfers, used by businesses to transfer large sums of money, take several days and are expensive. Checks are no less expensive to process and still one of the most used methods of business to business money transfers.

“Fifty percent of businesses in the United States still pay by check, which is just amazing,” Keogh says.

Alternative solutions, such as Nanopay’s Connect, can not only send money globally at a lower cost than traditional alternatives, but offers a suite of features businesses need: multi-user management, automated payment reconciliation, easy integration, and bank grade security.

“The fact is that I can order a pizza to my home and watch the vehicle drive right to my door, but when I send a wire it takes a few days and I rely on that bank calling me to let me know they’ve received the funds,” Keogh says. “We’re trying to do things faster, better, and cheaper.”

For the latest news, videos, and podcasts in the Software & Electronics Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!
Twitter – @TechMKSL
Facebook –
LinkedIn –

Follow us on social media for the latest updates in B2B!



innovative data center practices
Applied Digital Strengthens Community Relations through Innovative Data Center Practices
May 21, 2024

As Applied Digital continues to expand its footprint across rural America, its commitment to integrating with and revitalizing local communities stands out. The company’s unique approach to building and operating data centers brings advanced technology to these areas while stimulating local economies and fostering community development. How does Applied Digital ensure seamless integration and…

Read More
data center operators
From Fields to Data Centers: Applied Digital’s Training Program Transforms Farmers into Data Center Operators
May 21, 2024

Nick Phillips, the EVP of Hosting Operations and Public Affairs at Applied Digital, emphasizes the transformative impact of Applied Digital’s training programs, which convert agricultural land into high-tech data centers and enable farmers to transition into skilled data center operators. This initiative highlights the company’s commitment to community development and technological advancement.

Read More
water conservation and sustainability
Water Conservation and Sustainability Are Critical for a Data Center’s Success
May 21, 2024

Digital infrastructure is essential, and as data centers expand, their environmental impact, water conservation and sustainability have come under scrutiny. As the demand for data storage and processing capabilities grows exponentially, so does the concern for the environmental impact of these facilities, particularly in terms of water usage. Nick Phillips, the EVP of Hosting…

Read More
AI-driven computing
Reducing the Gap in Skilled Trades Can Be Solved by Boosting Trade Education Initiatives
May 21, 2024

Currently, skilled trades are facing significant shortages making the need for innovative solutions and passionate involvement more urgent than before. Statistics indicate a looming gap in the workforce, expected to reach millions in the next decade, as older generations retire without sufficient newcomers to fill their roles. At the heart of this issue is…

Read More