Domenico Scaffidi

Volante Technologies Inc. has announced that it will be providing end-to-end SEPA (Single Euro Payments Area) instant payments processing as an on-demand managed service on Microsoft Azure. The supplier states that this new service is expected to provide all payment service providers with access to two pan-European schemes namely EBA CLEARING’s RTI and ECB’s TIPS through the low latency SIAnet network.

Domenico Scaffidi, Director of Business Development at Volante Technologies, added, “Demand from European institutions for rapid access to instant payments capabilities is on the rise. We are excited to be expanding our payment processing managed service with SEPA instant payments capabilities to meet this demand and to be certified by SIAnet as a multi-network solution delivering more choice for our customers.”

According to the supplier, Volante’s payment services are expected to allow the users to transact through TIPS and RTI, thereby allowing the acceleration of new service deliveries, speedy onboarding and acceptance of SEPA instant payments.

Janet Lewis, VP Worldwide Financial Services, Microsoft, said, “Volante’s cloud-based payments services provide significant benefits to clients, and we are delighted they have chosen Microsoft Azure to host their SEPA instant payments as a service.”

Recently, Volante Technologies has expanded its cloud-based ecosystem, VolPay-as-a-Service, with for the US financial institutions.

by Megha Bhattacharya
Market Analyst at IBS Intelligence