Volopa and Yapily join forces to harness the power of Open Banking

Press Release
18 Jan 2024

Volopa, the transaction, payments and expenses company, has partnered with Yapily, a leading Open Banking API provider, to deliver a seamless payment experience for finance teams.

Powered by Open Banking, this new collaboration directly connects clients to their bank accounts for transfer authorisation – allowing CFOs, FDs, and treasurers to effortlessly load company wallets and fund international payments without ever having to exit the Volopa platform. This new integration also notifies clients when their balance drops below their preferred level and enables them to top up in a few clicks.

Initially launching in the UK, the Volopa-Yapily partnership will later expand to key markets across Europe, streamlining and expediting payment processes for SMEs on a broad scale.

“Our partnership with Yapily marks a significant milestone in making Volopa the go-to platform for international payments and expense management,” said Ali Al Bajati, head of product at Volopa.

“Our UK clients can now load their company wallets and fund their international payments seamlessly and we are looking forward to expanding our integration with Yapily to provide further Open Banking-related capabilities in the near future.

“Client-led innovation remains a core guiding principle for us and this strategic alliance reflects our commitment to stay at the forefront of financial technology innovation.”

Stefano Paoletti, VP of sales UK, commented on this collaboration: “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.”