FIS’ Worldpay partners with Volt to bring the power of open banking to merchants

He Global Payments Report 2023 from worldpay reveals that the Global A2A payments grew 13% in a yearfrom $463,000 million in 2021 to $525,000 million in 2022. Volt wanted to capitalize on this trend by allying with Worldpay to access open banking and offer A2A payments for Spanish businesses, reducing costs and improving cash flow .

FIS’ Worldpay, the #1 Global Acquirer, announces that it has partnered with Volt to provide merchants with an account-to-account payments infrastructure that enables them to benefit from the growing account-to-account payments market ( A2A) valued at $525 billion. This new collaboration will bring Real time payment features to help merchants expand into emerging markets where A2A payments are on the rise.

As the adoption of open banking technology continues to grow around the world, Promote the use of account-to-account payments among consumers It’s more important now than ever. Worldpay’s Global Payments Report 2023 results show that in just 12 months, the value of payments with A2A capabilities grew 13% globally, from $463 billion in 2021 to $525 billion in 2022. According to the report By 2026, A2A payments will account for 10% of the e-commerce payments marketwhich will account for $757,000 million of all online payments worldwide.

By combining the strength of Worldpay with Volt’s industry and technical expertise, will offer Worldpay customers access to open bank tracks. With these new features, you can seize the opportunity to offer A2A payments.

«Our strategic collaboration with Volt comes at an exciting time as the adoption of open banking continues to accelerate, revolutionizing payments around the world. Working together and our size, we have the potential to push the boundaries of open banking. We are happy to support Spanish companies that want to exceed the expectations of their customers with this means of payment. “, said Rodrigo Vilarino, Country Manager Spain and Portugal for Worldpay from FIS.

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This collaboration not only provides merchant customers with more seamless payment options, but also brings a number of benefits for merchants. Potentially reduces the cost of accepting paymentswhile offering a Near-instant liquidation of funds and thus increases your cash flow. Naturally, as greater collaboration and interoperability between real-time payment lanes is explored, opportunities to leverage A2A payments for cross-border commerce are likely to increase, further benefiting merchants with global ambitions.

Worldpay enables merchants to accept, process and manage payments across all channels, geographic areas and industries. More than a million merchants around the world trust Worldpay solutions to complete their in-store, online and mobile transactions, fight fraud, streamline authentication and leverage the value-added services that power global commerce. .

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