Yapily and Volume Collaborate to Enable Direct 'Account-to-Account' Payments

Volume, a one-click checkout startup, has partnered with Open Banking infrastructure provider Yapily to reduce the USD 100 billion being paid by customers annually in hidden fees at online checkouts. 

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The partnership underpins Volume's Transparent Checkout, a one-click solution to enable direct 'account-to-account' (A2A) payments between consumers and merchants, without the need for payment processing intermediaries and third parties. Currently, merchants have to pay between 2% and 8% of every sale to these card, e-wallet, and BNPL facilitators.

Building on Yapily's Open Banking infrastructure, Volume's one-click online payment solution facilitates direct A2A payments between merchants' and online shoppers' bank accounts, cutting transaction fees by up to 75%.

By partnering with Yapily, Volume aims to eliminate fees based on a percentage of the total basket and drive online transaction costs close to zero. 

Source: The Paypers