Volt and Bunq partner for open payments

Volt.io has announced that Amsterdam-based challenger Bunq has partnered with it to help deliver open payments. 

Using Volt’s unified account-to-account gateway and best-in-class open payments experience, bunq users will have access to the open banking connectivity network. 

Through the partnership, Bunq’s customers will be able to fund their accounts and “start spending on their terms”, Volt said. 

According to Bunq, reduced cost and fraud and real-time settlement are among the factors that made open payments the “clear choice” for top-ups and inter-bank transfer. 

Bunq said it had identified Volt as “the perfect partner” due to the company’s local presence in Amsterdam, as well as its “outstanding product and team”. 

Ali Niknam, CEO and founder of bunq, said: “It’s always exciting to make the lives of our users easy by adding top-up methods. Volt is a valuable partner in making this happen.” 

Jordan Lawrence, chief commercial officer at Volt, added: “bunq have been making waves in Europe with their customer-centric products, and we look forward to serving their continued growth and innovation in challenging the status quo across financial services.” 

Bunq was founded in 2012 by Niknam and its latest publicly available number of user deposits is €633,130,096 based on the deposits in June 2020.