Royal Bank of Canada Enters Agreement with VersaPay

VersaPay (TSXV:VPY) has announced it has entered a strategic partnership with the Royal Bank of Canada (TSX:RY).
As quoted in the press release:

As part of the agreement RBC will offer its business customers VersaPay ARC^™, an integrated accounts receivable solution, under the RBC brand.
“RBC is always looking for new and innovative ways to help clients use digital platforms to manage and grow their businesses,” noted Greg Grice, EVP, Business Financial Services at RBC. “The invoice-to-cash process is vital to the success of all businesses. Integrating this offering into RBC’s leading cash management solutions, our business clients now have another way to improve the customer experience and better manage their receivables and cash flow.”
RBC’s relationship with VersaPay is unique amongst major banks in Canada — the collaboration between the Canadian Fintech and one of Canada’s largest banks has provided commercial businesses with a leading and robust cash management solution.
“We are delighted to collaborate with RBC to deliver this new offering. With the bank’s breadth and depth of banking and cash management services, and an impressive roster of business customers, RBC is in an ideal position to expand the use of ARC,” commented Craig O’Neill, CEO of VersaPay. “The RBC team has been a pleasure to work with as we integrated our systems and prepared our market launch. We look forward to serving many customers together.”

Click here to read the full press release.