Italy-based e-money institutions (EMI) PostePay, part of Poste Italiane Group, has partnered with Volante Technologies to augment its payments modernization program.
The partnership follows PostePay’s recent investment in Volante’s $35m fundraise.
Volante will also be responsible to enhance PostePay’s open banking platform, enabling instant payments, and providing a new gateway to traditional interbank networks.
Volante Technologies claims that it cloud-native microservices architecture VolPay offers the resiliency needed to help Poste Italiane support current and future payment rails.
The resulting end-to-end payments processing infrastructure will be PSD2-regulated and support over 14 million Poste Italiane accounts providing better customer experience and services.
Volante Technologies said: “It is clear that Poste Italiane is constantly looking for ways to ensure that their customers benefit from the emerging opportunities of digital payments.
“We are delighted that they chose Volante and that we have the opportunity to help them further modernize their payments landscape with speed, enabling them to become more competitive now and in the longer term.”
he latest partnership with Volante is expected to will help PostePay create new products, such as the Codice Postepay QR code solution.
The company, through this partnership, aims to cater to changing consumer habits, moving from cash to digital payments.
Poste Italiane said: “One of our objectives was to find a partner with whom we could develop common roadmaps for our payment-hub, rather than simply outsource to a vendor for the SCT-INST project.
“The fact that VolPay is cloud-native proved particularly attractive in that it can offer a variety of deployment models.”