A “bank account enabled” mobile payment platform that is independent from debit and credit card networks. The consumer app is available for anybody with a bank account, while merchants both online and offline can accept payments using any kind of device and POS.
By connecting directly to the consumer and merchant bank accounts, Satispay is able to process all payments with a structural cost advantage. As a result, consumers can pay friends and stores without any charges while merchants can finally accept payments with a cost-effective, convenient and easy-to-use solution.
Adopting the new system is easy for businesses, as the payment platform is compatible with most readily available in-store devices (smartphone/tablets, or computers, debit/credit card readers and cash register software) and can be integrated to receive online payments (in e-commerces, apps and social media platforms). Satispay is therefore the first instrument that consumers can use for everyday money management: shopping in stores, sending money to friends, paying for services and setting aside savings.
The above benefits have motivated numerous small stores and large brands to adopt Satispay’s payment system. Notable chains include Esselunga, Benetton, Caffè Vergnano, Grom, MyChef, Old Wild West, Total Erg, Kasanova, Motivi, Arcaplanet, Coop, Trenord, Pam, Eataly, Naturasì, Tigotà, Pittarosso, Yamamay, Carpisa, Brico Io, Lagardère, Iperal, Liu Jo, Twinset, Particolari, Lush.
Satispay has raised €42M thanks to partners and institutional investors like Iccrea Banca, Banca Etica, Banca Sella Holding, Sparkasse, Banca Valsabbina, Banca di Piacenza and private investors, like Jonathan Weiner and Ray Iglesias (former executives from Google Wallet and co-founders of Money2020), Jon Koplin (Head of Google Wallet International Division), Nicola Carbonari (founder of Autoscout24), Giuseppe Donagemma (Networks Vice President of Samsung Electronics and President of the Satispay Advisory Board). Recently, p
A PayFac is a company that simplifies the payment process for sub-merchants by providing a unified platform. They act as a middleman between the sub-merchant and the acquiring #bank and handle all the necessary compliance and underwriting processes.
No comments yet.
Add a review
Submit this form to get a quote directly from the provider!