“Volt are a best-in-class technology provider with deep expertise in this space. “Our strategic collaboration with Volt comes at an exciting time as open banking adoption gathers pace, revolutionizing payments across the globe” said Sudev Balakrishnan, Chief Product Officer Worldpay from FIS. According to the report, by 2026, A2A payments will have a 10 percent share of the e-commerce payments market, making up $757bn of all global online payments.Ĭombining Worldpay’s strength as the No 1 merchant acquirer 1 with Volt’s industry and technical expertise will give Worldpay customers access to open banking rails, and these new capabilities aim to capture the growing strength of A2A payments. Findings from Worldpay's 2023 Global Payments Report reveal that in just 12 months, the value of payments using A2A capabilities increased 13 percent globally, rising from $463bn in 2021 to $525bn in 2022. The collaboration, announced at Money 20/20 Europe, will bring the power of open banking to merchants and give them the ability to take payment through open banking from consumers.Īdoption of open banking technology is continuing to grow worldwide, driving account-to-account (A2A) payments use among consumers. JACKSONVILLE, Fla., J– Global financial technology leader FIS® (NYSE: FIS) has today announced a new collaboration between its merchant solutions business, Worldpay from FIS, and Volt, an open payments gateway. New Real-Time Payment capabilities helps merchants expand to emerging markets where A2A payments have taken off.New collaboration enables merchants to tap into growing $525bn A2A payments market.
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