RemitSo and Volume Payments Partner to Slash UK and European Remittance Costs

Quick Summary

Volume Payments and RemitSo have partnered to provide Open Banking payments infrastructure for Money Transfer Operators. This collaboration enables MTOs to bypass expensive card fees, automate compliance, and scale transaction capacity by 500%, significantly reducing the cost of remittances between the UK, Europe, and global corridors.

How Does the Volume and RemitSo Partnership Reduce Remittance Costs?

The collaboration targets the high fees associated with traditional cross-border money transfers by replacing legacy card networks with Open Banking payments. By integrating real-time account-to-account funding directly into RemitSo’s core architecture, Money Transfer Operators (MTOs) can eliminate the "hidden tax" of card processing fees. This shift not only lowers the cost for the end-user but also provides MTOs with a 75% reduction in support costs by removing payment friction at the source.

• Elimination of traditional card network interchange fees.
• Instant account-to-account funding via Open Banking rails.
• Automated payout processing to reduce manual intervention.

What Results Has This Real-Time Transaction Architecture Delivered?

The integrated solution has already proven its stability during high-traffic periods, such as seasonal holiday rushes, where legacy systems often fail. Following a live deployment for a UK-based MTO serving East African corridors, the platform maintained 99.9% platform availability. Furthermore, the automation of rule-based compliance engines has led to a 93% decrease in manual compliance effort, allowing lean teams to manage enterprise-level volumes securely.

• 500% increase in transaction capacity for MTOs.
• 93% reduction in manual compliance workloads.
• 99.9% uptime during peak promotional marketing campaigns.

"UK–Africa corridors are among the most expensive in the world, and card fees are a hidden tax on people sending money home. Volume removes that cost at the source." said Simone Martinelli, CEO, Volume Payments.

How Does This Solve Compliance Challenges for MTOs?

Historically, MTOs faced a trade-off between rapid growth and rigorous regulatory adherence. This partnership solves that problem by embedding real-time due diligence directly into the transaction loop. By automating compliance heavy-lifting, the system ensures that every transaction meets regulatory standards without slowing down the user experience or requiring additional headcount.

"For a long time, money transfer operators felt forced to choose between growing fast and staying compliant. We wanted to break that trade-off. By automating the heavy lifting around compliance, a lean team can securely manage massive, enterprise-level volumes without skipping a beat." said Vivek Sharma, CEO, RemitSo.

FF NEWS TAKE:

This partnership moves the needle by addressing the two biggest pain points in the remittance industry: predatory card fees and operational scalability. By combining Open Banking payments with automated compliance, Volume and RemitSo are effectively commoditizing high-volume money transfers. For MTOs, this isn't just a technical upgrade; it's a fundamental shift in unit economics that makes the UK-Africa corridor significantly more competitive and accessible.