<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        UK-based Volt, an open banking payment infrastructure platform, has obtained an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA).
      </p>
    </li>
    <li>
      <p>
        With the FCA's EMI license, Volt is able to improve its cash management product, Connect, by issuing virtual accounts to merchants to receive payments and provide real-time payment confirmation. The EMI license also allows Volt to offer virtual accounts as a standalone product, targeting platforms, such as online travel agents needing bulk payouts.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake:</b>
         Earlier this month several companies secured EMI licenses. This includes UK-based card issuing and processing infrastructure provider 
        <a href="https://sp-edge.com/companies/492254">
          Enfuce
        </a>
        , which secured 
        <a href="https://sp-edge.com/updates/27018">
          its UK EMI license
        </a>
         from the UK's FCA, and another UK-based payments management platform, 
        <a href="https://sp-edge.com/companies/2402221">
          Navro
        </a>
        , secured 
        <a href="https://sp-edge.com/updates/26564">
          its EMI license
        </a>
         from the Central Bank of Ireland. Meanwhile, Navro had also secured a UK EMI license from the FCA.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.volt.io/newsroom/business/volt-granted-uk-emi-licence/">
      Press release
    </a>
  </p>
  <p>
    <a href="https://www.finextra.com/pressarticle/99809/volt-granted-uk-emi-licence-from-fca?utm_medium=rssfinextra&utm_source=finextrafeed">
      Finextra
    </a>
     
  </p>
</div>


FinTech Infrastructure

ANALYST_QUICK_TAKE

<div>
 
 <p>UK-based open banking platform, Volt, has secured an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA). This license allows Volt to enhance its Connect cash management service, by offering virtual accounts to merchants for receiving payments and providing real-time payment confirmation. Additionally, the EMI license also enables Volt to present virtual accounts as an individual product, aiming at platforms that require bulk payouts, for instance, online travel agents. </p>
 
</div> <p><b>Analyst QuickTake:<br>
</b> Earlier this month several companies secured EMI licenses. This includes UK-based card issuing and processing infrastructure provider <a href="https:<br>
//sp-edge.com/companies/492254"> Enfuce </a> , which secured <a href="https:<br>
//sp-edge.com/updates/27018"> its UK EMI license </a> from the UK's FCA, and another UK-based payments management platform, <a href="https:<br>
//sp-edge.com/companies/2402221"> Navro </a> , secured <a href="https:<br>
//sp-edge.com/updates/26564"> its EMI license </a> from the Central Bank of Ireland. Meanwhile, Navro had also secured a UK EMI license from the FCA.</p>

Volt secures UK EMI license from FCA

PROMINENT_CATEGORY

<div>
 
 <p>UK's open banking payment infrastructure platform, Volt, has entered a partnership with Bumper, a UK payment platform for car dealerships. The collaboration aims to utilize Volt's open banking abilities to enable real-time payments in the UK, Spain, Germany, Netherlands, and the Republic of Ireland. </p>
 <p>This partnership will aid Volt in broadening its product reach by driving Bumper's "Pay Now" feature. This will allow quick resolution of payments, real-time transaction tracking, checkout flow and pay-by-link options, and will also simplify Bumper's planned growth into other European markets by making use of Volt's global payments network. </p> 
 <p>At present, Bumper collaborates with over 5,000 car dealerships and manages payments of over 500,000 drivers’ vehicle repair and service bills.</p> 
 
</div>

Volt partners with Bumper to expand product reach across Europe

<p>The UK-based open banking payment infrastructure platform, Volt, has announced its integration with PayTo, a digital payment facilitator, to launch its platform in Australia. Through this integration, Volt will be able to use PayTo's payment capabilities in Australia to offer users a payment gateway that allows them to authorize and control payments directly through their bank account. Customers will also have the option of instant bank transfers at checkouts. The first company to utilize Volt's integrated real-time payment solution is Megatix, a self-service ticketing platform. They will use the solution to facilitate payments for ticket purchases for events and venues in Australia.</p><p><strong>Analyst QuickTake</strong> : Volt’s expansion to Australia comes nearly five months after the company raised its <a href="https://sp-edge.com/updates/19576">Series B funding </a>in June, earmarked for supporting international expansion and product development.</p>

All Updates

Volt secures UK EMI license from FCA

Volt partners with Bumper to expand product reach across Europe

Volt integrates with PayTo to launch in Australia

Volt raises USD 60 million in Series B funding