The Volley API lets your application create payment requests and present them to your customers to complete payments.

Payments in Volley are made with Open Banking. These payments are direct credit bank transfers, which are similar to regular “manual” payments you make from your banking app by entering someone's account name and number. Open Banking helps us automate the payment process including the payee details (names and account numbers), the reference details, and real-time confirmation when a payment has been made.

Volley currently offers APIs for single, immediate payments. We will add support for recurring payments soon.

The development of the Open Banking standards is currently lead by the Payments New Zealand API Centre, you can find more information about this here: https://www.apicentre.paymentsnz.co.nz/.