Volante Technologies selected by Banco BASE for payments processing
Volante Technologies has announced that it has been selected by Banco BASE as a strategic partner to provide the Mexican financial group with end-to-end payment processing solutions for domestic and international payments.
Banco BASE specialises in payments and transaction banking services for corporations and medium-sized businesses in Mexico, and their foreign trade partners. As the result of a rapidly changing market, the advent of open banking and the desire to offer digital P2P and merchant services among others, Banco BASE needed the fastest path to innovation and a modern payments platform to strengthen its position as a regional leader. To achieve these goals, the bank has implemented Volante’s VolPay for end-to-end domestic and international payment processing.
Live since 2016, VolPay processes the bank’s domestic real-time payments in Mexico via SPEI, in Mexican pesos and SPID in US dollars; and cross-border payments, incoming and outgoing, via the SWIFT network. Banco Base expects to expand the VolPay implementation to cover domestic bulk MXN payments and digital retail payments.