For the past year, the Payment Rails team has been hard at work building what we believe (and soon you will to) is next generation global payment infrastructure needed to keep up with you in this world and one day on Mars.
Now, after working closely with businesses to create an easy user-experience product that meets their growing global needs, we’re excited to share Payment Rails with you all.
The Best Way
It’s the new transparent, low cost, and trusted way for businesses to transfer money globally. And, it’s the best way.
We support all major payout methods, consolidated into one API and web portal. Our global banking network can practically pay any person or company in any country, by any payout method and in any currency. Does it get any better?
Yes! With no setup fees and up to 80% in reduced costs, you can automate your payout process to save up to 80% administrative time. (We told you it got better)
The Need & Our Mission
Small business is big in Canada. 98.2% of all businesses have fewer than 100 employees. When you add in medium-sized businesses the percentage rises to 99.8%. (Business Development Canada) Small and medium sized enterprises (SMEs) are the engine of the economy and their success is vital to Canada’s prosperity.
Research shows that SMEs stand to make significant savings by circumventing their banks. Canada is good at starting companies, but not good at nurturing them. Currently, the Bank of Canada is urging banks in Canada to set up a national SME growth fund. While the progress is positive, this initiative isn’t enough.
Payment Rails’ mission to help SMEs across Canada grow internationally starts with saving them capital and time by offering low costs across the board and an easy user-experience that they can trust.