Worldline partners with Volt to bolster 600+ enterprise-level merchants with open banking payments
London, UK, 19th October 2021 – Volt, the London-based leading open payments gateway, today announces a new partnership with Worldline – the European leader in the payments and transactional services – that will give over 600 enterprise-level merchants globally access to Volt’s open payments infrastructure, driving significant levels of transaction volumes.
Now, thanks to exclusive partnerships with merchants and bolstered by a seasoned sales force, Worldline can accelerate the adoption of Volt’s unique open payments gateway throughout Europe, while continuing its expansion into Asia and Latin America. This news is the latest milestone for Volt in the last few months, following is record-breaking Series A funding and several partnership announcements.
Combining Worldline’s pedigree as a leading European payments platform with Volt’s expertise, agility, and scalability, means Worldline can gain a first-to-market competitive advantage with a unique open banking offering. The partnership brings the latest payments innovations and features to the fingertips of Worldline customers, allowing businesses to launch their own branded payment method with real-time settlement and substantially lower fees, leading to an improved user experience and conversion rates.
Roger Niederer, Chief Market Officer, Merchant Services at Worldline, said: “Our partnership comes at an exciting time for payments, as PSD2 spurs on open banking innovation. Industry analysts are expecting massive adoption in the near future, with a predicted global market value of more than $40 billion in the next five years. The Volt team impressed us early on with their ability to respond to changes swiftly during product development. As such, we are incredibly excited today to bring this product to market; it’s unprecedented and truly unlocking value for our prospects and customers. Together with Volt, we are at the forefront of the digital revolution shaping new ways of paying and doing business online.”
Tom Greenwood, CEO at Volt, added: “This collaboration will power a bold new open banking offering. The commercial benefits are a no-brainer: merchants need more cost-effective payment alternatives to card payments, and much faster settlements. Open banking payments are real-time, and are inherently more secure as the danger of card fraud is eliminated. Working with Worldline, we will support hundreds of businesses in their adoption of this new-generation, real-time payments service. We are delighted to be working with a leading brand and global platform to achieve this.”
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros.
For further information, please visit: www.worldline.com
Founded in 2019, Volt is building the infrastructure for real-time payments everywhere. Today, its open payments gateway allows merchants and PSPs to process transactions securely between accounts held at more than 5,000 banks in the UK and EU. Volt’s unique aggregation model provides unrivalled open payments reach and maximises the speed, security and resilience of transactions.
For further information, please visit: https://www.volt.io