Dutch challenger bunq partners with Volt to power open payments

Amsterdam-based challenger bunq partners with Volt to deliver the most efficient way for customers to fund their accounts and start spending on their terms.

bunq is on a mission to reinvent banking from the ground up, writing a digital banking story for the new generation – offering users unprecedented control over their money, and a banking experience powered by the best of fintech, whilst through the lens of environmental and social responsibility.

In bringing the benefits of open banking to their diverse range of users, bunq is casting their vote for account-to-account payments. As fintechs continue to push the pace on innovation, open banking becomes a critical layer in the tech stack – to bridge old with new, and to drive new experiences and possibilities for their customers.

Volt’s unified account-to-account gateway and best in class open payments experience, gives bunq users seamless access to the strongest possible open banking connectivity network. Reduced cost and fraud, real-time settlement, coupled with no chance of chargeback make open payments the clear choice for bunq top-ups and inter-bank transfer.

At bunq we are passionate about stand-out customer experience at scale, with our customers set to gain the most from the next wave in payments innovation delivered by open banking. Volt solves for digital B2C, offering the leading Open API network and payments experience. We identified Volt as the perfect partner given their local presence in Amsterdam, their outstanding product and team.

Ali Niknam, CEO and Founder of bunq, said: “It’s always exciting to make the lives of our users easy by adding top up methods. Volt is a valuable partner in making this happen.”

Jordan Lawrence, Chief Commercial Officer at Volt added: “bunq have been making waves in Europe with their customer-centric products, and we look forward to serving their continued growth and innovation in challenging the status quo across financial services.”

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About bunq (www.bunq.com) bunq was founded in 2012 by Ali Niknam (1981), who managed to get the first European banking permit in over 35 years. He set out to radically change the traditional banking industry and, as its sole investor, invested €73.8m in bunq. bunq’s latest publicly available number of user deposits is €633,130,096 based on the deposits in June 2020. Throughout 2019 the total amount of user deposits doubled and is increasing every day.

bunq is currently available in 30 European markets: the Netherlands, Germany, Austria, Italy, Spain, France, Belgium, Ireland, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Latvia, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, the United Kingdom, Norway, and Iceland.

About https://www.volt.io (https://www.volt.io) Volt is a single aggregation point and gateway to the world of open banking. Our switch technology is currently connected to the strongest network providers in Europe; we will follow the rollout of open banking around the world, bringing together the best performing networks and providing a one-stop solution for global connectivity.‍