Mexican financial services firm Banco BASE has tapped Volante Technologies to facilitate end-to-end processing for domestic and international transactions.
Banco BASE will leverage Volante’s VolPay.
The solution already processes the bank’s domestic real-time payments in Mexico along with cross-border payments via SWIFT.
The bank now aims to expand the deployment of the solution to include domestic bulk MXN payments and digital retail payments.
According to the vendor, VolPay has a low operating cost and innovative payments architecture.
The decision to implement the solution is said to have been triggered by various factors including the emergence of open banking and plans to deliver digital P2P and merchant services.
Banco BASE IT and operations director Prudencio Frigolet said: “With a rapidly changing payments landscape, we were looking for a payments infrastructure solution that could deliver on our current domestic and international payments needs and support our future growth strategy.
“Since developing an in-house solution was not an option, we particularly appreciated Volante’s ability to work with us as strategic partners, collaborating on roadmap priorities and allowing us to make the most efficient use of our own resources.”
A unit of Grupo Financiero BASE, Banco BASE offers corporate as well as private banking services.