Payments orchestration infrastructure firm Pay.com has picked real-time payments platform Volt as its strategic open banking partner.
Under this partnership, Pay.com’s merchants in wealthtech, retail, and iGaming industries will gain access to Volt’s Instant Bank Transfer solution, allowing their end-users to make payments from their bank account in real-time.
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Going beyond the simple integration of Volt’s open banking solution, Pay.com has developed features to foster consumer adoption and trust.
By pre-authorising credentials, the platform can identify end users and present banking options tailored to their financial profiles, simplifying the payment initiation process.
Merchants on Pay.com can now utilise Volt’s Software Development Kit (SDK), which allows consumers to complete bank payments directly on the merchant’s app or website.
This integration minimises redirects and aims to enhance conversion rates.
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By GlobalDataPay.com Partnerships global head Kim De Jesus said: “Partnering with Volt has been a remarkable experience. The agility and efficiency demonstrated by both organisations allowed us to go from signing to launch in under a year, a testament to our shared commitment to delivering exceptional solutions.
“This partnership reinforces Pay.com’s position in the open banking payments ecosystem, enabling us to capitalise on growth opportunities alongside Volt. Together, we’ve emphasised the importance of speed, trust and technology accessibility and their direct impact on merchants and the overall payments ecosystem. Ensuring relevance throughout the payment process is crucial, as it remains a key driver in reducing transaction abandonment and fostering trust.”
Based in London, Volt also has offices in Berlin, Warsaw, Kraków, Sydney, and São Paulo.
The company’s network connects domestic account-to-account schemes under a unified standard, servicing 31 markets across the UK, the EU, Brazil, and Australia.
Pay.com offers a cloud-based payments orchestration infrastructure that acts as a central hub to optimise, route, and manage global payments.
In April last year, Volt launched its secure, PayTo based, one-click payment solution for its retail customers in Australia.
