CHICAGO—Aeropay, a provider of pay-by-bank solutions for businesses that began with cannabis retailers and gaming companies, reported it is now expanding into Visa’s and Mastercard’s territory by innovating the payment networks.
According to TechCrunch, with Aeropay, businesses can offer regulatory compliant, cashless and contactless digital payments to their customers, both in-store and online.
“To do this the company created its own bank aggregator, called Aerosy, that connects bank accounts and enables customizable integrations using open APIs,” TechCrunch said.
What Solution Can Do
The solution can connect over 12,000 banks, and once the merchant connects to a bank account, they can enable customers to pay just like they would in any e-commerce environment, TechCrunch explained.
Merchants can also utilize a QR code for payments and not pay fees on the transaction, or bother with cash, TechCrunch added.
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