Mercuryo launches open bank payment options in partnership with Volt
By Joy Dumasia
- Account-to-account payments
- Encryption API
Mercureo, a leading crypto payments company, has launched open banking payments in its cryptocurrency wallet, used by more than two million customers worldwide. Real-time (A2A) account-to-account payments will be facilitated through the leading open payment gateway Volt and will provide Mercuryo wallet users, alongside their business partners, with one-click payment solutions via fiat.
The partnership represents another landmark use case for open banking payments, but also serves as a reminder of the growing demand and widespread adoption of cryptocurrencies around the world, with Mercuryo becoming one of the first companies powered by cryptography to integrate open banking payments for consumers and businesses at home and abroad. from Europe.
Along with Visa, Mastercard, Apple Pay, and Google Pay payment options, Mercuryo users will now be able to purchase cryptocurrency in real-time via an open bank account-to-account transfer, with funds leaving their bank account and cryptocurrency. purchased currency being deposited directly into their Mercuryo wallet in seconds.
This will likely be welcomed by consumers looking to make quick cryptocurrency purchases at a specific price and at a specific time. Another benefit is an unlimited transfer amount, which many cards have in place for customers when purchasing cryptocurrency.
Additionally, with the coming into force of SCA requirements on card transactions on both sides of the Channel, an additional security step has been added to the card payment process. While many have welcomed this verification process, it’s likely to make Open Banking payments more desirable in the long run, providing a potentially faster, safer and more convenient payment experience.
Mercuryo’s latest partnership with Volt follows their recent expansion into Latin America, with the company planning to open ten more regional offices in 2022 in Africa, South America and Asia. Since its launch in 2019, Volt has quickly become the world’s leading open payments gateway, while building and managing infrastructures for real-time open banking payments. Volt currently enables merchants and PSPs to process payment transactions between accounts held at over 5,000 banks in the UK, EU and Brazil.
Petr Kozyakov, CEO of Mercuryo, said, “We are thrilled to partner with Volt, with whom we share a very similar mission to enable faster, safer and more cost-effective payment experiences. Integrating open banking payment methods was a natural next step for Mercuryo, putting consumers back in the driver’s seat when it comes to making crypto payments while reducing the number of customer abandonments for businesses due to previously lengthy bank transfer process.
Jordan Lawrence, co-founder and CBDO of Volt, said: “This partnership represents a turning point in the relationship between FIAT currencies and digital assets. The ability to instantly take advantage of Crypto prices via real-time payment transfer not only ensures price transparency and trust, but encourages interoperability between currencies. Mercuryo is forward-thinking in everything it does, and it’s a giant leap forward for user adoption of Open Banking and digital assets. Volt is really excited to partner with Mercuryo.
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