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Volt, the UK-based leading open payment gateway, has partnered with MoneyMatrix, the Malta-based iGaming-focused payment gateway, to connect more merchants to Volt while helping MoneyMatrix expand market coverage emerging beyond iGaming.
MoneyMatrix is an EU accredited financial institution and PCI DSS Level 1 certified payment service provider (PSP) and payment gateway for real money online gaming and digital industries. Volt’s smart platform connects merchants and PSPs with open banking seamlessly, standardizing and operationalizing the PSD2 API interface at a single point of access.
Adding Volt to the MoneyMatrix wallet will be key to diversifying the instant banking solution with its connection to multiple banks, easy integration, and smart routing.
Globally, merchants and PSPs are increasingly prioritizing instant payments. With this new partnership, MoneyMatrix can have a head start in this space and Volt can help more merchants accelerate their growth.
“When it comes to payment solutions, MoneyMatrix is constantly looking for the best technology. Volt is an important player in the world of banking and open payments, for which the appetite of customers is undeniable. By working together, we can offer our customers new payment initiation service (PIS) solutions through a fast and secure user journey. We can’t wait to see what comes next, ”said Alin Bidescu, COO of MoneyMatrix.
“We are delighted that MoneyMatrix has chosen Volt to fuel its instant payments offering. When using card payments, merchants incur high fees and have to wait days for payment across multiple channels. Open banking is a much more profitable option that is processed instantly; it is also more secure than card transactions because the threat of card fraud is eliminated. Speed and security are notoriously important in the online gaming industry, but also for countless other markets, which is why we are so excited about this partnership. Now MoneyMatrix can bring the benefits of open banking to a wider range of customers, ”said Jordan Lawrence, CCO of Volt.