Volante Technologies announced a strategic partnership with Standard Bank to modernize payment infrastructure across the African continent.

The landmark partnership, which is already live in South Africa, leverages Volante’s Payments as a Service (PaaS) and Embedded Preprocessing, which works alongside current infrastructure, centralizing multiple payment formats and standards into a consolidated system.

This enables the bank to take a big step forward towards achieving its broader, long-term transformation strategy. These solutions streamline the bank’s domestic and cross-border real-time, high-value, and bulk payments, reducing complexity, enhancing efficiency, and improving the customer experience for Standard Bank’s Corporate and Investment Banking clients.

“Our collaboration with Volante goes beyond much more than just a working partnership; it represents a pivotal moment in our evolution, built on trust and cultural alignment,”

said Bessy Mahopo, CIO for CIB transformation programs at Standard Bank.

Deepak Gupta, EVP Product, Engineering & Services at Volante Technologies added

“Our PaaS solution is an ideal fit for the bank’s needs, enabling rapid time-to-market, lowering costs, and fostering innovation. We look forward to working closely with Standard Bank as it continues to expand across the continent, bringing the strength and depth of our technology roadmap to both the bank and its customers. Together, we aim to deliver a superior experience for corporate treasury customers, ensuring they can operate more efficiently in an ever-evolving financial landscape.”

Featured image credit: edited from freepik