Tazapay has partnered with real-time payments gateway Volt to add open banking to its growing stack of payment offerings.
This is in line with its plans to accelerate its international growth across the UK and Europe. The company will also roll out the offering in Brazil later this year.
The partnership will enable Tazapay’s customers to roll out and increase their cross-border sales, especially for APAC and MENA-based merchants who are looking to expand and increase sales in the UK and Europe.
Volt’s real-time reconciliation capabilities enable businesses to track payments from end-to-end.
Tazapay will also leverage Volt’s fraud prevention solution to identify and block any suspicious payments by monitoring transactions via a flexible scoring system.
Tazapay currently supports over 2,000 merchants, across 30+ markets with a full-stack payment solution that includes local payment methods as well as cards globally.
This partnership demonstrates the global acceleration of real-time payments across many sectors – a complement to the acceleration of online business processes and an obvious fit for businesses now operating in a digital-first economy.