Volt, the open payments gateway, has reportedly appointed Nathan Marion as General Manager LATAM, in order to lead its strategic expansion in Latin America (LatAm). This follows the Fintech firm’s integration of Brazil’s instant payments system, Pix.
Marion joins from e-commerce platform VTEX. There, in his role as VP Growth Enablement, he helped the firm “grow from a little-known Brazilian fintech to a New York Stock Exchange-listed unicorn serving more than 2,500 online stores.”
Before VTEX, Marion spent six years at Amsterdam-headquartered payments platform Adyen, where he “helped to grow its LATAM operation to over 100 people.”
Marion’s hire follows Volt’s integration of Brazil’s 120 million-user instant payments network Pix and the establishment of the company’s São Paolo office (both announced in November of last year).
As mentioned in an update shared with CI, the Pix launch has allowed Volt’s clients to access one of Latin America’s largest and fastest growing markets, “effectively cutting the country’s lengthy 28-day card settlement times to two seconds, while boosting payment conversion rates and avoiding costly card infrastructure.”
Marion’s hire notably marks the most recent step in Volt’s growth plans “in response to rising demand for real-time payments.” The company is behind a record-breaking $23.5m funding round – which is reportedly the largest Series A on record for the Open Banking industry.
Tom Greenwood, Founder and CEO at Volt, said:
“Pix is a thriving example of the power of instant payments, creating a huge opportunity for ambitious global merchants. Our decision to expand into Brazil aligns with our ambition to unite new generation open payment systems to a unified payments interface, through which merchants can receive payments account-to-account and in real time.
Greenwood added:
“We are delighted to have Nathan on board. At a critical moment in our growth, he brings with him a wealth of experience in payments and specialist regional knowledge that will help us expand in Brazil, as well as establish the Volt brand in more countries.”
Nathan Marion, General Manager, LATAM at Volt, commented:
“Integrating with Pix has created a huge opportunity not just for Volt, but for international merchants. By the same token, it marks a significant development for Latin Americans in general Latin America is a thrilling environment. There are big challenges in payments – economically and politically – but this generates resilience. Problems are tackled by amazing companies with amazing ideas and solutions.”
Established in 2019, Volt is building the infrastructure for instant payments. Its open payments gateway enables merchants and PSPs to handle transactions securely between accounts held at over 5,000 banks in the UK and EU.
Volt’s aggregation model offers considerable open payments reach and optimizes the speed, security and resilience of transactions.