back Back

ACH Colombia offers customers a digital payments experience with Volante Technologies

By Edlyn Cardoza

September 28, 2022

  • ACH Colombia
  • Cloud Payments
  • Colombia

Volante Technologies, ACH Colombia, Cloud Payments, Financial Messaging, FinTech, Digital Payments, e-commerce, Digital Transformation, Financial Services, Colombia, USAVolante Technologies, the global leader in cloud payments and financial messaging, announced that ACH Colombia, a financial technology company, has gone live with a new banking portal featuring a superior digital payments experience aligned with the social media and e-commerce platforms customers use in their daily lives.

The deployment is part of a broader payments modernisation initiative aimed at digitalising ACH Colombia’s entire payments operation with Volante. As a result, customers can now be onboarded six times faster than before, and they can also enjoy services with a higher level of personalisation and receive funds twice as fast. Over time, ACH Colombia will also be able to offer customers an ever-increasing variety of domestic payment services through the portal.

“ACH Colombia is investing in the future to improve the quality of our services and continue to contribute to the integration of the country’s financial ecosystem. The initiative represents a complete digital overhaul that sees us transform into a fully hybrid and multi-cloud operation fit for modern times. Preliminary customer feedback has been overwhelmingly positive,” said Luis Alberto Fernández Pulido, VP of Operations and Technology, ACH Colombia.

“We conducted a rigorous selection process and opted for Volante’s VolPay because of its superior cloud-native, low-code architecture, rich functionality, and ease of integration with our cloud-resident middle and back-office functions,” Pulido continued. “Our business models also go hand in hand, which is a prerequisite for short and long-term success.”

“Volante has provided us with a solid foundation to deliver on our strategy and roll out our customer-centric new business model. We’re well set up for the future, including ISO 20022 and real-time capabilities, and will be able to expand our product offering and add more payment service variety whenever customer demand changes or the market dictates it,” Pulido concluded.

ACH Colombia manages payments in Colombia’s social security system through its platform to make the settlement and payment: SOI provides secure online payment and purchase options by debiting the resources online from savings, checking or electronic deposit accounts: PSE, and offers the possibility of making interbank transfers immediately with Transfiya.

The company handles 95% of Colombia’s interbank transfers, and during the first half of 2022, more than 167 million transactions in Colombia went through its network of over 27 million transactions per month. As the firm actively improves Colombian citizens’ quality of life by expanding digital financial inclusion, it expects that number to double to over 35 million per month.

“During the last three years, financial businesses have had to adapt to new ways of working and interacting with their customers, making for a heavy reliance on digital channels. In Colombia, 61 percent of consumers use payment services from neo banks. This digital shift means that banks must adapt and make smart investments in technology to support their customers and help them grow,” said Vijay Oddiraju, CEO of Volante Technologies.

The initiative originated in ACH Colombia’s realisation that it needed to modernise its payments infrastructure and processes to deliver on this tall order. Since it had already moved its entire operation to a fully hybrid and multi-cloud environment as part of a bank-wide digital transformation initiative, the solution needed to be cloud-native.

“By digitalising its entire payments operation, ACH Colombia is leapfrogging its peers,” Oddiraju continued. “It is the first financial services firm in Colombia to modernise its payments infrastructure in the cloud, and only the second in the entire region. We congratulate them on this momentous achievement and look forward to continuing our partnership with them as the region continues to accelerate towards a 24×7 real-time digital future.”

Previous Article

September 28, 2022

RazorpayX partners with Zaggle to give employees tax benefits

Read More
Next Article

September 29, 2022

PingPong partners with Uncapped for lending services

Read More

IBSi Daily News Analysis

Saudi Arabia, banks,

February 26, 2024

ACH Colombia

UAE banking pulse: robust growth and profitability signal positive outlook

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


4 Rural FinTechs fostering Financial Inclusion in India

Read More


REPAY teams up with Maxyfi to simplify the collection of payments

Read More


Quaint Oak Bank taps Finzly for payment modernisation & embedded banking

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023