Pay.com and Volt want to further simplify payment via Open Banking

Pay.com is an online payment service provider that offers solutions to accept various payment methods, including credit/debit cards and digital wallets. He has just formalized his partnership with Volt, one of the main open payment gateways in the UK. Their common objective is to improve its real-time payment capabilities via Open Banking.

FACTS

• Pay.com has therefore announced the signing of a strategic partnership with Volt, a global real-time payment platform, to improve its real-time payment capabilities via Open Banking. This collaboration aims to simplify the processing of payments for merchants and their customers.

• With this integration, Pay.com merchants will have access to Volt's instant bank transfer solution, allowing users to finalize transactions directly from their bank account in real time.

• Pay.com has developed features to facilitate the adoption of the solution by consumers. For example, Pay.com pre-authorizes user identifiers of its services to facilitate their identification and the payment process via their bank account.

• The system also offers a more personalised experience by filtering and dynamically displaying the only banking options applicable to a user's financial profile.

• Volt also offers a software development kit (SDK), allowing consumers to make bank payments directly on the application or website of Pay.com's retail customers. The service thus offers an uninterrupted experience of payment and purchase and thus reduces friction.

ISSUES

• Optimize payments : The new connection between Volt and Pay.com aims purely and simply to improve the speed and reliability of payments. The objective of both partners is to reduce payment processing times, improve transaction success rates and provide a smoother experience for users.

• Democratizing uses The main objective of this new partnership is also and above all to facilitate the adoption of the solution by consumers, to give them access to this type of service and to build their confidence.

• Consolidate position This partnership strengthens Pay.com's position in the Open Banking payment ecosystem, focusing on the speed, confidence and technological accessibility of its offer.

PERSPECTIVE

• Founded in 2009, Volt is not in its first initiative to revolutionize the Open Banking market. The open payment gateway has developed throughout its history its model platform allowing traders to track payments until they are actually taken into account on their account.

• In 2021, she realized a fundraiser to ensure the expansion of its Volt Connect instant payment offer internationally. She submitted Later, in 2022, its Transformer service was able to create a unique link between card payment and transfer payment. More recently, in 2024, Stroke on another partnership, with Bumper this time, to optimize payments at dealers.

Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate