VANCOUVER, British Columbia--(BUSINESS WIRE)--The collaboration between VoPay, a leading provider of embedded financial technology solutions and GiveWise, a prominent charity software platform, introduces a revolutionary approach to charitable giving, simplifying the donation process for both donors and charities. In an era where the digital transformation of financial transactions is paramount, VoPay and GiveWise have emerged as game changers in charitable giving across Canada. This latest alliance redefines how charities receive donations, emphasizing efficiency, security, and increased donor engagement.
The partnership between VoPay and GiveWise provides a lifeline for Canadian charities during these challenging times. By combining VoPay's advanced payment solutions with GiveWise's intuitive platform, individual donations have increased by 48% year-over-year, while grants to charities have increased by 44%.
Faster and More Secure Donation Processing
At the heart of this success is VoPay's EFT payment rail and virtual wallet technology. This enables easy donor onboarding and efficient collection of donations, with funds typically reaching charities within two business days. VoPay's eLinx solution further enhances this process, offering diverse payment methods and secure, instant fund disbursement.
Wins for GiveWise Platform:
- 48% YoY increase in individual donations, aligning with donor preferences and simplifying the donation process.
- Strong encryption and access controls prioritize financial data security, building trust with donors.
- 28% increase in charities utilizing the streamlined donation process on the GiveWise platform.
Advantages for Canadian Charities:
- 44% YoY increase in grants, with an average 173% increase in dollars given.
- Faster access to funding improves cash flow management.
- Streamlined processes and enhanced financial transparency reduce administrative tasks, allowing charities to focus on mission-driven work.
Empowering Charities and Donors Alike
The impact on charities has been profound. A 28% increase in the number of Canadian charities using the GiveWise platform and an impressive 173% average increase in dollars given to charities speak volumes about the effectiveness of this collaboration. For donors, the simplified online donation process and the option for recurring payments have not only made giving easier but also more meaningful.
"Working alongside VoPay has been transformative for GiveWise Charity and the charities we support. The advanced payment technology has not only streamlined our donation processes but has also significantly increased donor engagement. GiveWise is committed to fostering a culture of innovation to better serve the charitable sector, and our partnership with VoPay is a testament to that commitment." Tammy Kyte, Executive Director at GiveWise Canada
Read the full Case Study at vopay.com/case-studies/givewise
About VoPay
At the core of VoPay's offering is a multi-tenancy architecture, seamlessly integrated with a comprehensive payment engine and financial services solutions, epitomizing the concept of Fintech-as-a-Service. For software enterprises seeking to accelerate growth, expedite time to market, reduce operational costs, and enhance efficiency within their core platform, VoPay provides an embedded payment solution.
Discover VoPay’s intelligent and secure payment technology at https://vopay.com
About GiveWise
GiveWise Foundation Canada transforms the way Canadians engage with charitable giving. Addressing the challenge of scattered tax receipts, GiveWise offers an intuitive solution through a free giving account that streamlines the giving process, allowing individuals and businesses to support multiple charities effortlessly. GiveWise also offers customized gift-planning solutions for individuals and firms with complex asset structures through the use of Donor Advised Funds. Interested in furthering your generosity journey?
Create a fund today or visit our website for further information at https://www.givewise.ca/
