Volt and Worldline team up to launch enterprise-level open payments solution
By Joy Dumasia
Volt, the London-based leading open payments gateway, announces a new partnership with Worldline, the European leader in the payments and transactional services that will give over 600 enterprise-level merchants global access to Volt’s open payments infrastructure driving significant levels of transaction volumes.
Worldline can accelerate the adoption of Volt’s unique open payments gateway throughout Europe while continuing its expansion into Asia and Latin America. This news is the latest milestone for Volt in the last few months; following is record-breaking Series A funding and several partnership announcements.
Combining Worldline’s pedigree as a leading European payments platform with Volt’s expertise, agility, and scalability means Worldline can gain a first-to-market competitive advantage with a unique open banking offering. The partnership brings the latest payments innovations and features to the fingertips of Worldline customers, allowing businesses to launch their own branded payment method with real-time settlement and substantially lower fees, leading to an improved user experience and conversion rates.
Tom Greenwood, CEO at Volt, added: “This collaboration will power a bold new open banking offering. The commercial benefits are a no-brainer: merchants need more cost-effective payment alternatives to card payments and much faster settlements. Open banking payments are real-time and are inherently more secure as the danger of card fraud is eliminated. Working with Worldline, we will support hundreds of businesses in their adoption of this new-generation, real-time payments service. We are delighted to be working with a leading brand and global platform to achieve this.”
Recently, IBS Intelligence reported that Worldline, the European leader in the payments and transactional services industry, and Nordic NDC ApS (Nordic NDC), a travel technology solutions company, announced a strategic alliance that will improve the ability of small to medium-sized travel companies to offer airlines tickets to their customers. The partnership focuses on the Nordic countries as well as the Baltic states.
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