Global payments platform Volt has partnered with broker Trade Nation to launch instant deposits and real-time withdrawals for Australian trading clients, according to Australian FinTech.
The integration connects Trade Nation to Volt via the partner platform Praxis.
It runs on Australia’s New Payments Platform (NPP), which provides the real-time settlement rails to process transactions securely around the clock.
Trade Nation issues each client a unique PayID linked to their trading account, so clients can deposit funds in seconds from any of their bank accounts, with every payment automatically reconciled to the correct wallet.
Withdrawals run on the same rails, with payouts settling to clients’ nominated accounts in real time, 24/7.
“Traders expect their money to move as fast as the markets they trade. By integrating instant top-ups and withdrawals, Trade Nation is giving its Australian clients a real-time experience that matches the pace of modern trading,”
said Matt Rickard, Head of Sales and Partnerships for Australia, Volt.
The initial Australian rollout serves as a foundation for potential international expansion between the two companies.
“Fast, reliable funding is fundamental to the experience we offer our clients. We have our eyes set on the future expansion of Instant Pay-ins and Payouts in the UK and Europe, as well as launching PayTo in Australia, which is a natural next step in delivering a consistent global experience,”
said Siona Spooner, Payment Manager for Australia, Trade Nation.
Featured image credit: Edited by Fintech News Australia, based on image by dit26978 via Magnific
