Findings from Worldpay's 2023 Global Payments Report reveal that in just 12 months, the value of payments using A2A capabilities increased 13 percent globally, rising from $463bn in 2021 to $525bn in 2022. The collaboration, announced at Money 20/20 Europe, will bring the power of open banking to merchants and give them the ability to take payment through open banking from consumers.Īdoption of open banking technology is continuing to grow worldwide, driving account-to-account (A2A) payments use among consumers. JACKSONVILLE, Fla., J– Global financial technology leader FIS® (NYSE: FIS) has today announced a new collaboration between its merchant solutions business, Worldpay from FIS, and Volt, an open payments gateway. New Real-Time Payment capabilities helps merchants expand to emerging markets where A2A payments have taken off.New collaboration enables merchants to tap into growing $525bn A2A payments market.Worldpay from FIS has teamed with Volt to provide merchants with an account to-account payments infrastructure.Modernize treasury and optimize the balance sheetĬonsolidate and automate for maximum efficiencyĮngage your customers across every channel Increase revenue through smarter centralization, authorization and validation Simplify domestic and international payoutsĪccelerate real-time and other account-to-account payments Power payments on your marketplace or platform Modernize, launch and scale banking innovation
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