MoneyMatrix Partners with Volt to Power Instant Payments for iGaming

Volt, the London-based leading open payments gateway, announces a new partnership with MoneyMatrix — the Malta-founded iGaming-focused payments gateway — to connect more merchants with Volt while helping MoneyMatrix expand its coverage on emerging markets beyond iGaming. 

Commenting on this news, Alin Bidescu, COO of MoneyMatrix, said: "When it comes to payment solutions, MoneyMatrix is continuously searching for the best technology. Volt is an important player in the open banking and payments world, the customer appetite for which is undeniable. By working together, we can offer clients new payment initiation service (PIS) solutions through a fast and secure user journey. We can't wait for what comes next."

Jordan Lawrence, CCO at Volt, added: "We are delighted that MoneyMatrix has chosen Volt to power its instant payments offering. When using card payments, merchants incur high fees and have to wait days for settlement across multiple channels. Open banking is a much more cost-effective option that's processed instantly; it's also more secure than card transactions, as the threat of card fraud is eliminated. Speed and security are famously important in the online gaming industry — but also for countless more markets, which is why we're so excited about this partnership. Now, MoneyMatrix can bring the benefits of open banking to a wider range of customers."

In March, Volt partnered with Railsbank​ to expand the latter's presence in Australia.