Banco BASE chooses Volante to deliver modern payments platform
Mexico’s Banco BASE has picked Volante Technologies to provide end-to-end payment processing solutions for domestic and international payments, reports Jane Connolly.
“We are confident of our ability to stay ahead of tomorrow’s emerging trends”
The financial group chose software provider Volante as a strategic partner as it aims to provide a modern payments platform for corporations and medium-sized businesses, strengthening Banco BASE’s position as a regional leader.
Volante’s VolPay processes the bank’s domestic real-time payments in Mexico via SPEI, in Mexican pesos and SPID in US dollars. Cross border-payments, incoming and outgoing, are processed via the Swift network.
“With a rapidly changing payments landscape, we were looking for a payments infrastructure solution that could deliver on our current domestic and international payments needs and support our future growth strategy,” says Prudencio Frigolet, IT and operations director at BANCO Base.
He adds: “With Volante and VolPay, we are confident of the competitiveness of our corporate payments offerings today, as well as our ability to stay ahead of tomorrow’s emerging trends.”
Luis Melgarejo, VP, Latin America operations at Volante Technologies, says: “Our relationship with Banco BASE demonstrates our ongoing commitment to providing financial institutions in Latin America with the same powerful, flexible payments technology that powers the world’s largest banks – tailored to local market needs.”
Banco BASE plans to expand the VolPay implementation to domestic bulk MXN payments and digital retail payments.
