Volt partners with ClearBank to power latest generation of merchant account capabilities

London, 29th January 2025: Volt, the global real-time payments platform, today announces its new strategic partnership with ClearBank, the enabler of real-time clearing and embedded banking. The collaboration enables Volt to offer critical enhancements to its account-based cash management capabilities in the UK and Europe, moving open banking payments a step closer to realising their full operational potential.

Volt now offers ClearBank-powered EUR and GBP payment accounts, virtual IBANs and named accounts to enterprise merchants and PSPs using its real-time, bank-direct payment initiation services. This enables businesses to track every stage of the payment value chain, automate reconciliations, and initiate payouts and refunds.

These capabilities, previously unavailable to global merchants using real-time payments at scale, enhance open banking by adding essential features beyond payment initiation, such as payouts, refunds, user-level fund attribution, and full lifecycle management. In turn, they bring open banking payments a step closer to achieving feature parity with cards.

Commenting on the partnership, Steffen Vollert, Volt’s Co-founder and CEO, said: “We’re truly excited to be partnering with ClearBank on the evolution of our accounts capabilities. Meeting the complex money management and movement needs of merchants, at scale, is our joint ambition. Changing the game through innovation – and the relentless pursuit of a best-in-class real-time payment infrastructure and shopper experience – ultimately unlocks the full potential of account-to-account payments; not only in Europe, but globally.”

John Salter, Chief Customer Officer, ClearBank added: “We’re proud to provide the trusted, cloud-native banking infrastructure that enables innovative providers like Volt to deliver new value to their customers. Our purpose-built platform enables Volt, across the UK and Europe, to deliver next-generation payment solutions and seamless customer experiences, while we focus on delivering the resilience, scalability, and regulatory excellence that underpin their growth. Together, we’re driving the future of financial services, setting new standards for innovation and reliability.”

About Volt

Volt is building the global infrastructure for real-time, rail-agnostic money movement. Our platform unifies domestic account-to-account schemes and emerging digital asset rails through a unified, interoperable framework that enables value to move quickly and securely across different payment environments. Scaling and enterprise businesses rely on Volt to accept payments, initiate payouts and manage liquidity with full transparency and control. Headquartered in London, with offices in Warsaw, Kraków and Sydney, Volt is active across 30+ markets in the UK, the EU and Australia.

About ClearBank

ClearBank is a purpose-built, technology-enabled clearing bank. Through its banking licence and intelligent, robust technology solutions, ClearBank enables its partners to offer real-time payment and innovative banking services to their customers.

ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register number: 754568).

ClearBank Europe N.V. is authorised by the European Central Bank (ECB) and supervised by De Nederlandsche Bank (DNB).