Volt, the global real-time payments platform, has been selected by leading payments orchestration infrastructure Pay.com as its new strategic open banking partner.
The partnership will give Pay.com’s merchants, notably those in the wealthtech, retail and iGaming industries, access to Volt’s Instant Bank Transfer solution - enabling their end users to securely make payments from their bank account in real time.
Rather than simply integrating Volt’s open banking solution, Pay.com has built functionality designed to aid consumer adoption and build trust. By pre-authorising credentials, it is able to securely identify end users and therefore display banking options linked to their financial profiles - making it easier for them to select their preferred bank and initiate their payment.
Further, Pay.com merchants are able to access Volt using its Software Development Kit (SDK), allowing consumers to complete bank payments directly on the merchant’s app or website - reducing the need for redirects and increasing the likelihood of conversion.
Commenting on the partnership, Kim De Jesus, Pay.com’s Global Head of Partnerships, 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.”
Elaine Smith, Head of Partnerships at Volt, added: “Collaborating with Pay.com has been seamless and rewarding. The speed and ease of going live earlier this year underscores the synergy between our teams and our shared vision for providing safer, more relevant payment experiences. This partnership not only strengthens our position in the marketplace but also enhances the value we offer to merchants and customers.
“What makes this collaboration truly special is the alignment of our core values - accessibility, global reach, and innovation. We’re excited to deepen our strategic partnership with Pay.com as we explore early-stage solutions that redefine the payments landscape.”