DECTA partners with Volt to equip businesses in 70+ markets with open banking benefits

Volt, the leading open payments gateway, today announces a new partnership with global payment processing firm DECTA to provide customers from 70+ markets – including banks, merchants, online payment service providers (PSPs), and fintechs – with a portal to open banking architecture. Propelling DECTA’s integration into the wider open banking ecosystem, the company’s vast client base can now reap the benefits of a payment solution that is secure, direct, and immediate – powered by Volt.  

DECTA delivers scalable payment solutions to help businesses thrive online in a world of cashless payment. Accelerating this mission, Volt’s intelligent platform allows DECTA customers to process online transactions between accounts held at more than 5,000 banks across the UK and Europe. By enabling instant account-to-account payments between businesses and customers, Volt improves payment flow, reduces card fraud risk, and removes the chargeback process to create a unified checkout experience – all through one simple integration. 

The new partnership ensures clients can diversify checkout options seamlessly, built with the latest technology stack, so they can capitalise on higher conversion. In turn, consumers can access an additional payment method with extensive reach, easy-to-use interface, and all the relevant payment options available at checkout.

Commenting on this news, Santa Kirsbauma, Board Member, Product Offering at DECTA, said: “We’re on a journey of constant technological evolution, always on the lookout for ways to make payments more efficient and convenient for our clients. Open banking is gaining velocity across the industry, so when Volt’s open banking platform crossed our path, we immediately opened a dialogue. Volt’s unrivalled reach and speed will help us maximise the performance and security of clients’ transactions. It’s the perfect fit for our online payments arsenal, aligning with our goal to provide best-in-class payment methods.” 

Jordan Lawrence, CCO at Volt, added: “We’re delighted that DECTA has chosen Volt to power its open banking journey. Demand for instant payments is rising, due to the desire for immediacy and security. Card fraud tripled globally from $9.84 billion in 2011 to $32.39 billion in 2020 – nobody can afford the cost of this rising threat. DECTA’s extensive reach enables us to bring the benefits of open banking to a wider range of customers in new corners of the globe. As such, we are beyond proud to help more businesses overcome the limitations of traditional online payment systems. Together with DECTA, we are excited to fuel a fresh wave of growth for merchants and financial institutions.