Financial Services EPG selects Volt for the powering of its paylado digital wallet solution.
In a groundbreaking move, Volt, a global real-time payments platform, has formed a strategic partnership with EPG Financial Services, a leading e-money institution and payment services provider based in Germany. This partnership aims to power real-time Open Banking payments for EPG's e-wallet solution, paylado.
The collaboration will significantly enhance the user experience for paylado, a popular e-wallet solution primarily designed for the German market. Paylado users can now benefit from real-time open banking payments, enabling faster, more efficient transactions without the delays typical of traditional payment methods.
Volt's bank connectivity in Germany is resilient, ensuring secure and reliable transactions. The multiple connections to bank APIs were a key factor in EPG's decision to partner with Volt. This partnership will allow paylado users to top up their e-wallets quickly and conveniently, thanks to Volt's optimised top-up user experience.
The partnership is also expected to reduce errors and improve efficiency in transactions for paylado users. Rupert Kainzbauer, CEO of EPG Financial Services, expressed confidence in Volt for improving the customer experience of paylado users. He stated, "We were seeking an Open Banking partner to provide a replacement for manual bank transfers with real-time account-to-account payments, and Volt was the perfect choice."
The ability to initiate pay-outs is essential functionality for iGaming merchants, and Volt's platform offers this capability. Once a user's balance is updated, they can initiate deposits with paylado's network of licensed, regulated iGaming merchants. Furthermore, Volt can initiate pay-outs from a paylado user's e-wallet back to their bank account.
This partnership is further evidence of Volt's expanding network and the onward customer experience it facilitates. EPG and Volt are already discussing further ways of working together, promising even more benefits for paylado users in the future. For now, paylado users can make top-ups and initiate pay-outs much faster, thanks to the real-time open banking payments powered by Volt.
- The strategic partnership between Volt and EPG Financial Services will empower paylado users, primarily based in Germany, to enjoy faster, more efficient real-time Open Banking payments, thanks to Volt's bank connectivity and optimized top-up user experience.
- With this collaboration, paylado users can now bypass the delays associated with traditional payment methods, as they can initiate real-time account-to-account transactions, providing a much-needed replacement for manual bank transfers.
- Volt's platform not only allows paylado users to top up their e-wallets quickly and conveniently, but also offers essential functionality for iGaming merchants, enabling them to initiate deposits within paylado's network of licensed, regulated iGaming merchants.
- The partnership between Volt and EPG Financial Services is a testament to Volt's expanding network and its ongoing commitment to enhancing customer experiences, as they are already discussing further ways of collaboration, promising even more benefits for paylado users in the future.
