April 25, 2019 Amsterdam, Netherlands – Volt will enable access to more than 4,000 European banks through its single API and is the first platform of its kind built from first principles. As an independent Open Banking specialist, Volt’s approach contrasts strongly with the updated legacy systems being deployed by PSP’s and other market incumbents responding to the pressure of PSD2 demands.
Volt brings together an influential group of payments industry thought leaders, including Chairman of Directors Robert Kraal, “We see Open Banking as a transformative mechanism that will drive a paradigm shift in payments services, and we are excited to be at the vanguard of that change.”
Volt will provide a single access point to the range of Open Banking features, enabling users to build unique customer-centric models and offer an optimised customer payments experience.
There are currently 14 European markets connected by Volt, and its API provides access to both established and new age “challenger” banks, giving merchants and consumers alike access to 99% of the European payments market.
Volt is a future proof payment service and digital money platform, that makes payments faster and cheaper, whilst eliminating card fraud. This innovative solution displaces incumbent payment participants such as Visa and MasterCard through deployment of latest technology; enabled by recent Open Banking (PSD2) regulatory initiatives in Europe and beyond.