Volante joins forces with Standard Bank 30 October 2024Africa Reporter: Clelia Frondaroli
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Volante Technologies has partnered with Standard Bank, in a bid to enhance and modernise payment infrastructure across Africa.
Currently live in South Africa, the partnership with utilise Volante’s Payments as a Service (PaaS) technology to collate a number of payment formats and standards into a single consolidated system.
This is said to enable Standard Bank to streamline its domestic and cross-border payments in the African continent, which will, in turn, enhance efficiency for the company’s clients. Adopting Volante’s solution will further facilitate the bank’s transition towards ISO 20022 standards, ensuring safer, more secure and regulated payments.
Bessy Mahopo, chief information officer for CIB transformation programmes at Standard Bank, comments: “Our collaboration with Volante represents a pivotal moment in our evolution, built on trust and cultural alignment. Together, we are transforming the payments landscape while empowering communities and fostering growth across Africa.”
Executive VP of product, engineering and services at Volante Technologies, Deepak Gupta, concludes: “Our PaaS solution is an ideal fit for the bank’s needs, enabling rapid time-to-market, lowering costs, and fostering innovation. We look forward to working closely with Standard Bank as it continues to expand across the continent.”
This partnership marks the first PaaS payment deal to service this number of countries for one single customer in their PaaS cloud.
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