Volt unveils cash management product range in UK and EU

Source: Volt / Goodkopp Communications

Volt, the real-time, rail-agnostic money movement platform, announces the full launch of its flagship cash management products, leveraging its e-money licences: Volt Accounts, Named Accounts, and Virtual IBANs.

Available to merchants and partners across the UK and EU, the account-based solutions plug a significant gap in the commercial viability of real-time, account-to-account payments – namely the ability to have full visibility and control of all incoming and outgoing customer funds.

Volt Accounts: combining payment visibility with functionality

Volt Accounts – payment accounts into which all of a merchant’s Volt-powered Pay by Bank payments are received and settled – monitor transactions in EUR and GBP from initiation to receipt, providing status updates at crucial stages of the payment value chain. When payments are completed, merchants are able to dispatch goods, or deliver services, faster and with greater certainty.

While Volt Accounts each support a single currency, they do enable FX transactions between them – making them particularly beneficial to merchants operating in multiple jurisdictions that need to track, and forecast, numerous revenue streams, as well as access market-specific conversion data.

Merchants headquartered in the UK, for example, but which process real-time pay-ins from customers in the EU, can move funds between their EUR and GBP Volt Accounts before sweeping funds into their standard business account, in their preferred local currency, at a schedule of their choosing.

Other core functionality includes the ability for merchants to initiate real-time refunds. Because end-user pay-ins are reconciled against specific orders within their Volt Account dashboard, it’s easy to ‘reverse’ these payments – at near-instant speed – as and when end-users request them, without the need for manual intervention.

Named Accounts: aiding reconciliation while fostering consumer trust

Volt is also making Named Accounts available to merchants that integrate Volt via a Payment Service Provider (PSP), but which Volt has a direct relationship with. These will enable merchants to receive pay-ins and, because they hold funds, initiate payouts – without them having to wait for the PSP’s batch settlement.

A further use case for Named Accounts is marketplaces, which can use them to receive and settle pay-ins for individual stores using their platform. Named Accounts can also be issued under Volt’s licences by merchants to individual customers, which, for example, enables merchants to receive and settle pay-ins for individual sellers that don’t exist as business entities.

Virtual IBANs: giving merchants greater control

Virtual IBANs are specifically designed for businesses receiving large volumes of deposits or top-ups. Merchants can assign a Virtual IBAN to each end user within their Volt Account environment, which enables them to easily, and instantly, match pay-ins to specific customers. Reconciled funds are available in real time.

Unlike Named Accounts, Virtual IBANs act as identifiers only. They point to a merchant’s Volt Account, rather than storing funds themselves.

Volt’s ability to issue Volt Accounts, Virtual IBANs and Named Accounts stems from its dual e-money licences – an EMI licence in the UK and a Payment Institution Licence in Poland. The former two products, which have been available to selected Volt merchants and partners since January 2025, are now available to all interested businesses.

Commenting on the products’ launch, Steffen Vollert, Volt’s chief executive officer, said: “Launching Volt Accounts, Named Accounts and Virtual IBANs is a key milestone in Volt’s history. With our deep knowledge of our merchants’ and partners’ pain points, we’re positioned to develop treasury infrastructure aligned with the practical needs of global businesses – and wealthtech and crypto platforms in particular.

“With merchants already using our cash management solutions, across multiple jurisdictions, it’s clear that Volt has successfully matured into more than a payment initiation service provider. I believe this is what will stand us apart in the months and years ahead.”

Shah Ramezani, chief executive officer and founder of NOAH, a cross-border payment platform and Volt partner, said: “Volt has become a trusted partner in Noah’s growth. Their virtual accounts solution makes reconciliation seamless, and their reliability and responsiveness give us the confidence to scale and explore new use cases with them.”

Chris Boer, director at Cointopay.com, a crypto coin payment service provider for businesses and charity organisations, said: “The Virtual IBAN feature allows us to highly automate incoming payment streams. This saves us lots of time and money in our daily working routines. We want to thank the Volt team for such seamless API functionality.”

Further reading: Volt works with ClearBank to evolve merchant account capabilities