back Back

MoneyMatrix & Volt partner to power instant payments in iGaming industry

By Leandra Monteiro

August 06, 2021

Share

MoneyMatrix, Volt, London, iGamingVolt, the London-based open payments gateway, today announces a new partnership with MoneyMatrix, the Malta-founded iGaming-focused payments gateway to connect more merchants with Volt while helping MoneyMatrix expand its coverage on emerging markets beyond iGaming. The news comes just weeks after Volt announced the largest ever Series A funding round for the open banking industry, showing the company’s momentum.

MoneyMatrix is an EU licensed Financial Institution and PCI DSS Level 1 Certified payment service provider (PSP) and payment gateway for online real-money gaming and digital industries. Volt’s intelligent platform connects merchants and PSPs with open banking seamlessly, standardising and operationalising the PSD2 API interface to a single point of access. It offers multiple paths for each payment request, improving conversion rates and reliability by using machine-learning to optimise payment routing, delivering a unified experience for merchants and PSPs.

Adding Volt into the MoneyMatrix portfolio will be key to diversifying the instant banking solution with its connection to multiple banks, easy integration, and smart routing. Globally, merchants and PSPs are increasingly prioritising instant payments; through this new partnership, MoneyMatrix can be ahead of the curve in this space and Volt can help more merchants accelerate growth.

Commenting on this news, Alin Bidescu, COO of MoneyMatrix said, “When it comes to payment solutions, MoneyMatrix is continuously searching for the best technology. Volt is an important player in the open banking and payments world, the customer appetite for which is undeniable. By working together, we can offer clients new payment initiation service (PIS) solutions through a fast and secure user journey. We can’t wait for what comes next.”

Jordan Lawrence, CCO at Volt added, “We are delighted that MoneyMatrix has chosen Volt to power its instant payments offering. When using card payments, merchants incur high fees and have to wait days for settlement across multiple channels. Open banking is a much more cost-effective option that’s processed instantly; it’s also more secure than card transactions, as the threat of card fraud is eliminated. Speed and security are famously important in the online gaming industry — but also for countless more markets, which is why we’re so excited about this partnership. Now, MoneyMatrix can bring the benefits of open banking to a wider range of customers.”

Previous Article

August 06, 2021

Kuwait International Bank reports KD 2.2 million profit for first half 2021

Read More
Next Article

August 06, 2021

Nucleus Commercial Finance hires a new Business Development Manager

Read More










IBSi Daily News Analysis

fraud, FinTech

November 25, 2022

Why UK FinTechs are investing heavily in APP fraud prevention

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

November 24, 2022

3 European FinTechs facing valuation drop amid economic crisis

Read More

November 24, 2022

Payset selects Thought Machine to expand financial services in Europe

Read More

November 22, 2022

Santander selects NCR to manage ATM network in UK

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q3 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q3 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q3 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q3 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022