Wollette collaborates with Ordo to facilitate WollettePay's functionalities
In a move aimed at simplifying checkout processes and strengthening brand engagement, Wollette, a leading payment solutions provider, has partnered with Ordo, an Open Banking specialist known for its advanced payment initiation services.
The collaboration between the two companies is designed to make payments smarter, more efficient, and more sustainable. By connecting directly into accounts and loyalty systems, retailers stand to benefit from WollettePay's integrated funding and payment flows, provided by Ordo's technology.
Sarah Lambert, head of solutions & operations at Wollette, cited Ordo's expertise in Open Banking and automated, secure account-to-account payments as key factors in their partnership. She emphasized that this partnership is a significant step towards delivering a frictionless shopping experience that caters to modern shoppers and retailers.
Ordo's technology enables a seamless checkout experience for WollettePay users. Customers can now top up their accounts in seconds, avoiding card fees and paper receipts, contributing to savings and an improved shopping experience.
For businesses, the partnership offers several benefits. Streamlined payment processes lead to better cash flow management and reduced administrative costs. By leveraging Open Banking, businesses can lower transaction costs compared to traditional methods like card payments. Furthermore, the technology contributes to more sustainable practices by promoting paperless commerce.
Consumers also stand to benefit from the partnership. Instant and secure payments can now be made directly from bank accounts without the need for card details, enhancing security and convenience. The reduction in friction and the need for less manual input during transactions make the overall payment process more streamlined and user-friendly.
In a recent development, Norway's Neonomics has acquired the UK Open Banking platform Ordo, further strengthening Ordo's position in the Open Banking market. The acquisition is expected to accelerate the growth of both companies and expand their reach in the global market.
Wollette and Ordo are working together to keep shoppers connected to the brands they trust, making everyday payments easier and more efficient for all parties involved. This partnership underscores the growing trend towards digital payment solutions in the retail sector, providing a compelling case for businesses to adopt more efficient and sustainable payment methods.
[1] Source: Ordo's Whitepaper on Open Banking [5] Source: WollettePay's official website
- With Ordo's advanced technology, WollettePay users can now make seamless payments directly from their bank accounts, enhancing security and convenience.
- The collaboration between Wollette and Ordo is expected to accelerate growth for both companies, expanding their reach in the global market.
- By leveraging Open Banking technology, businesses can streamline payment processes, leading to better cash flow management, reduced administrative costs, and lower transaction costs compared to traditional methods.
- The partnership between Wollette and Ordo is a significant step towards delivering a frictionless shopping experience that caters to modern shoppers and retailers, and underscores the growing trend towards digital payment solutions in the retail sector.
