Modernizing Africas Payment Infrastructure With Paas

Volante Technologies, the Payments as a Service PaaS pioneer, announces a strategic relationship with Standard Bank to modernize payment infrastructure across the African continent.

This is one of the most ambitious PaaS payment arrangements in history, with no other payment providers serving as many countries for a single customer on their PaaS cloud.

The groundbreaking alliance, now operational in South Africa, uses Volantes Payments as a Service PaaS and Embedded Preprocessing, which work with existing infrastructure to centralize different payment forms and standards into a consolidated system. This allows the bank to take a significant step ahead in fulfilling its long-term transformation objective.

These technologies simplify the banks domestic and international real-time, high-value, and bulk payments, decreasing complexity, increasing efficiency, and improving the customer experience for Standard Bank s Corporate and Investment Banking clients.

William Kent, Executive Business Head at Standard Bank, highlighted that this initiative, which will soon expand across 18 additional African countries, seamlessly integrates with the banks existing legacy systems, managing over 50 clearing and settlement systems and ensuring both operational continuity and scalability.