Volt Presentation
Volt is building the global infrastructure for real-time payments. Its payment network is the first to unite domestic account-to-account schemes to a single interoperable standard. Scaling and enterprise businesses use it to accept real-time payments, initiate payouts and manage funds. Volt, which was launched in 2019, is headquartered in London, has offices in Warsaw, Kraków and Sydney, and enables payments in 31+ markets across the UK, the EU and Australia.
Transcript
Kristofer Rogers:Ladies and gentlemen, thank you to the panelists for that last session of the morning. My name's Chris. I am annoyingly the only thing standing between you and your lunch, so thank you so much for humoring me. I just want to take the next hour or so to tell you how amazing Volt is. No, I'll take 2 minutes if you don't mind. And I just want to pose an analogy and ask you a question. It's as simple as that. The perfect storm, probably not the best analogy to use at an aviation summit, but it's not to do with weather systems. It's very much about and pertinent to payments, which is what Volt do. There are 3 I's to this storm, very briefly. The first I is economics. As consumers, we've probably heard about the government's intent to ban surcharging, right? And as merchants, we should be aware of the impact of this from a cost perspective. And as alternative payments methods emerge like buy now, pay later, it becomes a significant cost to a payment. The second I to the storm is modernization. Now, A2A payments, pay by bank, exists in 80 countries across the globe, and the RBA have gone as far as to say they're sunsetting direct entry banking by 2030. You know, direct debits, that old antiquated thing. And we're replacing that with what's called Pay2, which is what Volt do. The third eye— I told you I'd be quick— the third eye to the storm— namaste— is globalization. With 80 domestic real-time payment markets, The interoperability of these becomes important. From aviation and airlines, from a treasury perspective, that ability to interoperate those domestic markets is critical. And stablecoin, this cryptocurrency that's usually pegged to a sovereign currency, gives us a stable way to move money seamlessly without the reliance and cost of foreign exchange. So that is for us the perfect storm. Now I could tell you that's exactly what Volt do, but I'm not here to sell. I kind of am. But what I want to ask you is one question: where's Polly? We all know and love, or hate as the case may be, Polly, but it was unceremoniously retired by Australia Post last year. And it was the answer to surcharging. It was an obligation we had, right, to give a low-to-no-cost payment alternative to cards. And it's gone. And for those with children will know, where's Wally? So Where's Polly? What has become of it? And what is your low to no-cost payment opportunity there as we enter this brave new world of no surcharging and cost becomes important? So all I have to say now before lunch is, you know, come to our stand and we'll show you where Polly is. And we'll even come out to— I know we're not a payments audience here, but we will come to your payments people and sort of give them a discovery session about what we do. And not so much what we do, but where payments is going. It's super important, I believe. Thank you. To those that are in the room. That's all I have to say, guys. Enjoy your lunch. Thank you so much for your patience. I'm very grateful. Thank you.
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