Bambora plugs in to deliver Open Banking to iGaming
Volt integrates its Open Banking payments platform with Bambora, enabling account to account payment services on its PaymentIQ cashier.
Bambora, owned by Ingenico Group, is the eminent payment gateway in the iGaming industry, serving leading operators in the sector. By tapping into the benefits of Volt payments via Bambora, merchants can now give their customers access to next generation open payments.
Volt payment services deliver reduced cost with no chargebacks, real-time settlement and substantial reduction in failure rates and fraud. Open Banking payments stand to become the new normal under this new model, with the gaming sector strongly positioned to leverage its full benefits.
Open APIs are the new standard for direct access to banks accounts for account to account payment services on a pan-European basis. This new direct payment mechanism mandated by European law under PSD2, enables the next generation payment service and alleviates the security risk imposed by legacy direct access platforms.
Bambora is passionate about delivering the latest innovations in payment services for its merchants; integration with Volt brings Open Banking payment initiation services to the checkout.
Carlos Rangevik Teixeira, Senior Business and Partner Development Manager at Bambora Gaming comments: “The Volt solution delivers one of the strongest connectivity to Open APIs in Europe. With Volt’s Open Banking payments solution we have ensured that we delivered the broadest reach and access across geographies. The Volt team are highly experienced in the sector and understand payments, and we’re pleased to bring next generation open payments services to our merchants with Volt.”
Steffen Vollert, Chief Technology Officer at Volt added: “We are very happy to be integrating a solution that’s proved so effective for the iGaming industry with the Bambora team. PaymentIQ is the leading gateway for the industry, and we’re delighted to join their platform. Open banking payments are more than a vitamin for the gaming sector, they’re a painkiller.”
About Volt (https://www.volt.io)
Volt connects the world of open banking payments. Our gateway and switch technology brings together the strongest network providers in Europe, creating an unrivalled connectivity map. Aa we follow the rollout of open banking around the world, bringing together the best performing networks and providing a one-stop solution for global connectivity.
Bambora helps businesses grow. With a suite of simple payment products, it’s easy to keep track of daily transactions both online, in-store, or in-app. Founded in 2015, Bambora has been built with assets having significant experience in the payments industry. In 2017, Bambora was acquired by Ingenico Group, a global leader in seamless payments with more than 8,000 employees, 90 nationalities and a commercial presence in 170 countries. Read more about Bambora PaymentIQ here, one of the most widely utilized services in the gaming sector.