Macro Global integrates Volume’s Open Banking payment links into cross-border payment suite

Global fintech Macro Global has formed a strategic partnership with Open Banking payment solutions provider Volume to accelerate the adoption of Open Banking payment gateways in cross-border payments.

Through the partnership, Volume’s payment link technology will be integrated to enhance Macro Global’s white-labelled software-as-a-service ‘NetRemit Cross-Border Payment Suite’.

The integration, which is already live, will enable businesses to offer direct bank-to-bank transfers for “frictionless” transactions and real-time settlement, while “robust” encryption and compliance with Open Banking standards will protect sensitive data, thereby improving security.

The integration of Volume’s Open Banking payment links into NetRemit also allows businesses to bypassing traditional card networks, reducing the costs associated with payment processing.

In a statement posted on LinkedIn, Macro Global wrote: “Together, we aim to deliver a cost-effective and seamless Open Banking payment gateway for our clients.

“This partnership combines Macro Global’s expertise in cross-border payments and financial technology with Volume’s robust Open Banking solutions, and redefines how payment services are delivered through NetRemit.”

Macro Global has a foothold in the UK and is growing its presence in Europe, the US, and India.

Among the services the company offers are regulatory and compliance solutions, Open Banking, consumer banking, and next-gen banking technologies.