Volopa, known for its expertise in transactions, payments, and expense management, has entered into a strategic partnership with Yapily, a frontrunner in providing Open Banking API solutions. This collaboration is set to redefine the payment experience for finance teams.
The essence of this partnership lies in harnessing the capabilities of Open Banking. It is designed to seamlessly connect clients directly to their bank accounts for transfer authorization. This integration is a game changer for CFOs, FDs, and Treasurers, as it allows for easy loading of company wallets and funding of international payments without the need to leave the Volopa platform. Additionally, this partnership brings in a feature to alert clients when their balances fall below a preferred threshold, coupled with a quick top-up function.
Initially rolling out in the UK, the Volopa-Yapily partnership is set to expand across key European markets, aiming to simplify and speed up payment processes for SMEs at a larger scale.
Volopa stands out with its comprehensive platform tailored for finance teams. It integrates global payments, multicurrency prepaid company cards, and employee expense solutions, ensuring control and transparency. Volopa’s commitment to innovation drives its mission to aid businesses in unlocking their potential with simpler, faster, and more transparent payment solutions.
Yapily, on the other hand, is at the forefront of Open Banking API provision. They are recognized for their extensive API connectivity and real-time bank access, which significantly streamlines funding processes and enhances operational efficiency and customer satisfaction.
Volopa Financial Services (Scotland) Limited, the company behind this initiative, is authorized by the Financial Conduct Authority under the Payment Services Regulations 2017 as a Payment Institution, reflecting its compliance and reliability in the financial services sector.
Stefano Paoletti, VP of Sales UK at Yapily, also commented, “We’re delighted to partner with Volopa to support the transformation of their clients’ payment experience. Yapily’s extensive open banking API connectivity and real-time bank access has significantly streamlined Volopa’s funding process, allowing for swift, secure, and direct transactions. It not only simplifies funding and international payments, but also demonstrates the practical and powerful impact of open banking in enhancing operational efficiency and customer satisfaction.”
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