VOLANTE TECHNOLOGIES
its platform to build payment-processing solutions , even though there were a number of long-established payment system technology providers in the market .
To expand market share and serve its customers better , Volante capitalised on this opportunity by launching its own payments solution , VolPay , built on the bedrock of the company ’ s low-code financial platform . It followed up shortly after in 2017 with the launch of Volante Payments as a Service ( PaaS ), offering an innovative , cloud-native , SaaS approach to payments processing .
In the years after launch , the company has achieved an enviable series of firsts :
• Volante processed the first real-time payment in the US and the first instant payment in Saudi Arabia .
• The company ’ s PaaS processed the firstever European SEPA payment in the cloud in 2018 .
“ My gut feeling is that , in the next five or maybe ten years ... financial businesses will all be relying on cloud and SaaS providers ”
VIJAY ODDIRAJU CEO AND FOUNDER , VOLANTE TECHNOLOGIES
to expand and enter new marketplaces as it grows . “ Globally , we ’ re well diversified ,” Oddiraju says . “ We have 1000-plus staff and over 150 customers worldwide , a lot of which are top-tier banks .”
• In 2021 , Volante signed the largest PaaS deal in history , with a Tier 1 financial institution .
• Notably , Volante topped the IBS Intelligence Sales League Table in wholesale payments for two years running in 2021 and 2022 , the first time any provider did so .
Year-on-year for the past five years , the company has also doubled its revenues and bookings . Indeed , today , Volante is a truly global entity , headquartered in New York with offices in Boston , Mexico City , Bogota , Dubai , London , Chennai , Hyderabad , and Pune .
Recently , Volante also launched a development centre in Romania , continuing
54 April 2023