Volt partnered with DECTA for open banking services

By Joy Dumasia

Volt, the open payments gateway, announces a new partnership with global payment processing firm DECTA to provide customers from 70+ markets, including banks, merchants, online payment service providers (PSPs), and FinTechs, with a portal to open banking architecture.

DECTA delivers scalable payment solutions to help businesses thrive online in a world of cashless payment. Volt’s intelligent platform accelerates this mission, allowing DECTA customers to process online transactions between accounts held at more than 5,000 banks across the UK and Europe.

Propelling DECTA’s integration into the wider open banking ecosystem, the company’s vast client base can now reap the benefits of a payment solution that is secure, direct, and immediately powered by Volt. Volt improves payment flow, reduces card fraud risk, and removes the chargeback process to create a unified checkout experience all through one simple integration.

Santa Kirsbauma, Board Member, Product Offering at DECTA, said: “We’re on a journey of constant technological evolution, always on the lookout for ways to make payments more efficient and convenient for our clients. Open banking is gaining velocity across the industry, so when Volt’s open banking platform crossed our path, we immediately opened a dialogue. Volt’s unrivalled reach and speed will help us maximise the performance and security of clients’ transactions.”

Jordan Lawrence, CCO at Volt, added: “We’re delighted that DECTA has chosen Volt to power its open banking journey. Demand for instant payments is rising due to the desire for immediacy and security. Card fraud tripled globally from $9.84 billion in 2011 to $32.39 billion in 2020 – nobody can afford the cost of this rising threat.”

IBS Intelligence recently reported that Volt, 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.