Software
Shopify approves Volt as open banking partner
June 26, 2023
Shopify, an e-commerce company, has selected Volt as a global open banking partner. Now, merchants in Europe, U.K. and Brazil can offer Volt's Pay by Bank solution for account-account-payments with near instant fund settling, according to a press release.
"Volt stood out as an open banking payments provider owing to its infrastructure, the ease by which merchants can integrate its checkout, and its proven track record in the field," Ritu Khanna, VP of global partnerships at Shopify, said in the release. "We're pleased to offer Volt's 'Pay by Bank' option to our merchants at this global moment of change for payments, and we look forward to them — and their customers — realizing the benefits of open banking and account-to-account technology."
The company plans to roll out the solution to other countries in the following months, beginning with Australia in the fourth quarter of 2023.
"We're delighted to partner with Shopify, the leading global commerce company. We're aligned in our ambition to make commerce better for everyone, and real-time account-to-account payments represent real progress in this regard," Matt Komorowski, chief revenue officer, Volt, said in the release. "Open banking is experiencing hockey-stick growth around the world because it's faster, easier and more secure compared to incumbent payment methods. It's a digital solution for the digital age, and we're delighted to be bringing it to Shopify's impressive merchant base."
