Satispay is a “bank account enabled” mobile payment platform that is independent of 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 the most readily available in-store devices 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.