Mobile payment is one of the most important year-to-date tech sectors. According to the analysis of the Mobile Payment & Commerce Observatory at the Politecnico di Milano, recently released for 2016/2017, innovative payments have surpassed 30 billion Of Euros, and mobile payments only increased by 63% in the last year, reaching a total figure of 3.9 billion Euros.
We are focusing on an italian startup representing an excellence in its own world. Born with an international DNA is growing fast with some unique key points discussed below.
Their hashtag, #DoItSmart is clear and true, straight to the point of their mission to give a better tech life to customers and vendors.
Satispay is an authentic revolution, ranked among the ten best startups in Italy, allowing Sepa bonuses to make micro-payments using a smartphone at no cost to both the user and the operator (the only charge charged to the sellers is twenty cents when the sum of the transaction exceeds ten euros).
The system allows you to manage your weekly spending budget, restarting it by bank account withdrawal before starting the next week. This is a smart function to keep the spending limits under control and overall more secure than their competitors.
The enrollment process has been designed to ensure user safety while not using or requesting sensitive data. It is Satispay itself that creates a secure connection with the current account and verifies with the bank the data entered so as to prevent false or improper use of the tool.
Satispay has managed to grow by basing its business model on three elements:
- Simplicity, creating an intuitive application similar to messaging;
- Security, because it uses only the phone number and IBAN of its customers for payments, making the initial procedure a little more machinate but the end result is definitely safer;
- Independence, which is also the main difference compared to most other players such as PayPal, ApplePay, GooglePay or AmazonPay
Engineers worked hard to make easy to understand for the consumers that everything is smooth. To accomplish the “mission”, they listed a lot of tutorial videos made simple to introduce you to every single Satispay feature. Everything has been collected on a Youtube channel you can find here:
