RemitONE teams up with Volume to expand Open Banking payment capabilities

Source: Volume

RemitONE, a leading provider of money transfer software, has announced a strategic partnership with Volume to enable Open Banking payments to RemitONE’s global network of banks, money service businesses (MSBs), and fintechs.

The integration enables RemitONE clients to offer customers a faster and more cost-effective way to fund cross-border transfers using secure account-to-account payments directly from their banking apps.

As card processing fees continue to rise and remittance providers seek better ways to improve margins and customer experience, Open Banking is emerging as a powerful alternative to traditional card-based funding methods.

Through the integration, customers can authorise payments securely using biometric authentication within their banking app, with transactions settling in as little as 2.5 seconds. By reducing reliance on traditional card networks, businesses can lower payment processing costs, reduce chargebacks, and improve payment conversion rates.

Open Banking payments have been shown to increase conversion rates by up to 250% while reducing payment fees by up to three times compared to card-based methods.

Volume’s infrastructure connects businesses directly to real-time bank payment networks, helping simplify account-to-account payment acceptance for remittance providers without the complexity of managing multiple banking integrations.

For RemitONE clients, the partnership provides immediate access to Open Banking payment capabilities without the need for separate procurement or complex integration projects. Clients gain greater flexibility in how they accept payments, alongside improvements to customer experience, operational efficiency, and transaction success rates.

Aamer Abedi, chief marketing officer at RemitONE, said: “Our partnership with Volume reflects our commitment to continuously expanding the RemitONE ecosystem with technologies that directly address our clients’ challenges.

“By enabling Open Banking payments within our platform, we are giving our clients another powerful way to reduce payment costs, improve customer experience, and streamline the funding process.”

Simone Martinelli, chief executive officer and co-founder of Volume, said: “Volume exists to be the operating system that powers how remittance businesses accept payments. Our partnership with RemitONE means their entire network — hundreds of banks, MSBs, and fintechs worldwide — can now offer their customers instant, low-cost funding through Open Banking.

“It’s a fundamentally better way to move money into the remittance corridor, and we’re excited to make it available at this scale.”

This is one of many new integrations being rolled out to give RemitONE clients greater reach, smarter efficiency, and a stronger competitive edge.