Niche Global picks Volante to underpin European entry
Hong Kong-based remittance and debit card provider Niche Global has signed up with payments technology provider Volante Technologies.
The Hong Kong firm provides instant remittance and debit card solutions in its home market, stating that it simplifies the “complexity” of payments for consumers and businesses.
It selected Volante Technologies as part of an expansion of its digital wallet and payment services into Europe via offering Single Euro Payments Area (SEPA) instant payments.
As of 2020, there are 36 members in SEPA, consisting of the 27 member states of the European Union, the four member states of the European Free Trade Association (Iceland, Liechtenstein, Norway and Switzerland), and the United Kingdom.
Data from the European Payments Council indicates that more than 20 billion payments were made via SEPA in 2018.
According to Volante, its system was chosen for its “resiliency, reliability and cost-effectiveness” as well as its ability to implement quickly.
“We aim to build our service using a robust and efficiently managed infrastructure,” says Tony Xiao, director and CEO of Niche Global.
He adds that from his side, a “proven track record in delivering payments-as-a-service” with solutions based on “next generation cloud technology” was key for the firm in its selection of Volante.