RemitONE and Volume have partnered up to bring open banking payments to
RemitONE’s global network of banks, money service businesses (MSBs), and fintechs,
enabling significantly faster and cheaper ways for our clients’ customers to fund cross
border transfers.

As card processing fees continue to rise and remittance providers seek better ways to
reduce costs, open banking is emerging as a powerful alternative. With the new
RemitONE and Volume collaboration, RemitONE clients can enable customers to fund
transfers directly from their banking apps using secure account-to-account payments,
improving transaction success rates and creating a smoother customer payment
experience.

Volume’s infrastructure connects businesses directly to real-time bank payment
networks, allowing transactions to be authorised securely via a customer’s banking app
using biometric authentication. Account-to-account payments can settle in as little as
2.5 seconds, offering a significant improvement over traditional card-based funding
methods while eliminating chargebacks and reducing payment processing costs.
Open banking payments have been shown to increase conversion rates by up to 250%
while reducing payment fees by up to three times.

For RemitONE clients, this means greater flexibility in how they accept payments and
new opportunities to improve both margins and customer retention.

“Our partnership with Volume reflects our commitment to continuously expanding the
RemitONE ecosystem with technologies that directly address our clients’ challenges.
By enabling open banking payments within our platform, we’re giving our clients another
powerful way to speed transaction processing times, cut costs and improve UX by
streamlining the funding process.” – Aamer Abedi, Chief Marketing Officer,
RemitONE

“We’re excited to partner with RemitONE to bring open banking capabilities to their
global network of remittance providers. By allowing customers to pay instantly from
their bank accounts, we can help businesses reduce payment costs while delivering a
faster and more secure payment experience.” – Kamal El, Head of Partnerships,
Volume

If you’d like to activate or explore how this integration can help your business growth
then book a free call or get in touch with us at marketing@remitone.com

This is just one of the many new integrations we’re rolling out to give our clients greater
reach, smarter efficiency and a stronger competitive edge. So, stay tuned for more
exciting updates.