Apexx signs up with challenger Volt for 'Open Payments'

The partnership will bring more efficient payments to APEXX’s extensive list of merchants worldwide that will benefit from Volt’s Open Banking capability and will enhance APEXX’s merchant offering, just as Open Banking is becoming more prevalent across Europe and increasing in popularity around the world.

Volt is a payments gateway to the world of Open Banking connecting the best available APIs on the market. Volt’s switch and smart routing technology is currently connected to the strongest network providers in Europe and will follow the rollout of Open Banking around the world, bringing together the best performing networks and providing a one-stop solution for global connectivity. This unique approach not only scales to address Volt’s global ambition, but builds resilience through redundancy and failover, ensuring that customers are always connected.

This solution comes to market after eighteen months of intensive development and will bring the industry one step closer to realising the potential of bank direct payments.

APEXX Managing Director and Co-Founder, Rodney Bain, said: “The built-in benefits of Open Banking payments for merchants will be significant in the medium-term and partnering in with Volt will bring much-needed resiliency and security to API payments. We are excited to be extending our solution into the world of Open Banking payments with Volt and tapping into the next wave of payments innovation for our clients.”

Tom Greenwood, Chief Executive and Founder at Volt, commented: “APEXX have been making waves in the industry with their merchant-centric products, and we look forward to serving their continued successes. As we follow the rollout of Open Banking worldwide, our partners are enabling us to continue building the most reliable, Open Banking payments network.”