Volt hires Nathan Marion as GM to lead its strategic expansion in LatAm

By Edlyn Cardoza

Volt, a leading open payments gateway, has hired Nathan Marion as General Manager LatAm to lead its strategic expansion in Latin America (LATAM). This follows the FinTech’s innovative integration of Brazil’s instant payments system, Pix.

Marion joins from digital commerce platform VTEX. In his role as VP Growth Enablement, he helped the firm grow from a little-known Brazilian FinTech to a New York Stock Exchange-listed unicorn serving more than 2,500 online stores.

Prior to VTEX, Marion spent six years at Amsterdam-headquartered payments platform Adyen, where he helped grow its LatAm operation to over 100 people.

Marion’s hire follows Volt’s integration of Brazil’s 120 million-user instant payments network Pix and the establishment of the firm’s São Paolo office, both announced in November 2021.

The Pix launch has allowed Volt’s customers to access one of Latin America’s largest and fastest-growing markets, effectively cutting the country’s lengthy 28-day card settlement times to two seconds while boosting payment conversion rates and avoiding costly card infrastructure.

Marion’s hire marks the latest step in Volt’s global growth plans in response to rising demand for real-time payments. The firm is behind a record-breaking $23.5 million funding round – Series A funding round.

“Pix is a thriving example of the power of instant payments, creating a huge opportunity for ambitious global merchants. Our decision to expand into Brazil aligns with our ambition to unite new generation open payment systems to a unified payments interface, through which merchants can receive payments account-to-account and in real time,” says Tom Greenwood, Founder and CEO at Volt. “We are delighted to have Nathan on board. At a critical moment in our growth, he brings with him a wealth of experience in payments and specialist regional knowledge that will help us expand in Brazil, as well as establish the Volt brand in more countries.”

Nathan Marion, General Manager, LATAM at Volt, says: “Integrating with Pix has created a huge opportunity not just for Volt, but for international merchants. By the same token, it marks a significant development for Latin Americans in general. Latin America is a thrilling environment. There are big challenges in payments – economically and politically – but this generates resilience. Problems are tackled by amazing companies with amazing ideas and solutions. I like being part of something that’s disruptive. A combination of this, a first-class founding team and an amazing product is what attracted me to Volt.”