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Primer teams with Volt to offer instant bank payments to merchants

By Gloria Methri

July 20, 2023

  • Account to Account Payments
  • Account-based Payments
  • Instant Bank Payments

Primer, Volt, Instant Bank Payments, Open Banking Payments, Account-to-Account Payments, Pay by Bank, Account-based Payments, Real-Time Payments, FinTech, UKPayments automation platform Primer has partnered with Volt, the real-time payments infrastructure provider, enabling access to instant bank payments to its customers.

This partnership will help merchants during market downturn by offering account to account payments using Volt’s open banking network. As a result, merchants will benefit from reduced fees associated with traditional payment methods – as well as providing them with faster settlement. Funds will be available in a merchant’s bank account more quickly, allowing them to reinvest or allocate resources as needed.

The technical integration with Volt, which began in May, enables merchants to accept real-time account-based payments via Primer’s platform. The partnership also aims to alleviate pain points for merchants by improving online check-out and in-store payment experiences for both consumers and merchants alike using open banking technology.

A key objective for Primer is to offer breadth and depth of payment services for global merchants to adapt to the ever-changing needs of consumers. Within a few clicks, merchants can add an instant payment option directly onto their checkout, enabling better choices for their customers.

Primer’s clients will be able to integrate Volt’s real-time payments network in the UK, EU, and Brazil giving them the opportunity to offer a ‘Pay by Bank’ experience to their customers while benefiting from faster settlements, lower transaction fees and no chargebacks.

Commenting on the partnership, Gabriel Le Roux, CEO of Primer said “The addition of Volt to Primer’s ecosystem demonstrates our ongoing commitment to global payment innovation and flexibility for our merchants. As the world of payments evolves, it is essential for merchants to be able to offer a plethora of different payment options, leveraging open banking technology to give consumers as much choice as possible when it comes to making payments. Our partnership with Volt makes this possible.

Richard Drury, VP of Partnerships at Volt said, “We are thrilled that Primer has selected Volt as a provider of real-time open banking payments. Partnerships such as this enable merchants to benefit from the account–to-account technology at scale, and we look forward to helping many more capitalise not just on their benefits, but the expansion opportunities that our geo coverage facilitates. Primer and Volt share a commitment to payment optimisation and innovation, and I look forward to seeing what we can achieve together.”

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