Yapily partners with Volume

Friday 18 March 2022 12:10 CET | News

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. 

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. 

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Keywords: Open Banking, Yapily, partnership, checkout optimisation , startup
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech