Volume provides a one-click payment platform leveraging Open Banking for seamless account-to-account transactions globally. This solution streamlines user onboarding and checkout processes, significantly boosting conversion rates for fintech and remittance companies. By eliminating intermediaries common in card payments, the platform offers substantially lower transaction fees for merchants.
Funding
$8.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
UVFounders
Product
Problem
Traditional online payment methods often involve multiple intermediaries, leading to high transaction fees and complex checkout processes. These inefficiencies can result in slower transaction speeds and abandoned shopping carts, negatively impacting merchant revenue.
Solution
Volume provides a one-click checkout solution powered by Open Banking, enabling seamless account-to-account online transactions. By eliminating intermediaries, Volume reduces transaction costs for merchants and accelerates payment processing times to as little as 2.5 seconds. The platform offers a streamlined payment experience that significantly improves customer conversion rates and boosts revenue. Volume's solution integrates with global banking systems, providing a unified payment platform for merchants operating internationally.
Target Audience
Volume primarily targets e-commerce merchants, particularly those seeking to reduce transaction fees, improve conversion rates, and offer a faster, more streamlined checkout experience to their customers.
Features
- One-click checkout functionality for a frictionless payment experience
- Open Banking integration for direct account-to-account payments
- Real-time transaction monitoring via a merchant dashboard
- Payment links for easy payment acceptance
- One-Click Verification user onboarding for Money Remittance and Fintech companies
- Reduced transaction fees compared to traditional card payments
- Faster checkout speeds, resulting in quicker funds settlement
- Developer-friendly APIs for easy integration into existing e-commerce platforms