Mobile payment operator Satispay, who operates mainly in Italy and has a Windows Phone app, has announced a partnership with ICCREA Banca which will bring integration of the Ingenico POS payment system, the most common Point of Sale system deployed on 1.7 million installations.
Satispay operates without banks, and works by keeping a balance in your Satispay account which you can use over the course of the week and which is automatically topped up at the end of the week. The service does not use a credit card, but rather bank transfers, and can work with any bank. For retailers it offers free transactions for transactions below 10 Euro, and only costs a flat rate of 0.20 euro for deals larger, no matter what the price.
The deal could see more than 83,000 retailer locations in Italy adopt the payment service, with BCC set to promote it to their 1.2 million customers also.
Leonardo Rubattu, General Director of Iccrea Holding, said: “Thanks to Iccrea Banca, the intuition of three boys of the Italian territory is becoming a success at European level. Through Satispay, Credito Cooperativo is located at the forefront of innovative payments and is able to offer its customers, particularly young people, not just a payment solution at competitive costs but a real platform for the promotion and development of their business. As part of the great changes taking place within the payments industry, what we are witnessing today is a powerful example unprecedented collaboration between traditional operators”.
Besides mobile payments the app also lets users easily send money to each other or split bills and even make online payments.
The Satispay app for Windows Phone can be downloaded here.