Payments News

On The Web

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Companies

Jack Dorsey’s Square Invests $18 Million in Italy’s App Satispay

“Square Inc. , the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA , in a move aimed to expand its operations across European markets, according to a statement by Satispay. The San Francisco-based company invested about 15 million euros ($18 million) for a minority […]
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Domains

Italy’s Nexi to Merge with SIA in Pursuit of European Payments

“Italy’s Nexi and SIA agreed a long-awaited merger on Monday to create a dominant domestic payments group with 1.8 billion euros ($2 billion) in revenue and ambitions to expand in Europe. An Italian preference for cash has held back digital transactions in the euro zone’s third-largest economy and Rome is encouraging a shift to electronic […]
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Domains

Credorax Partners With Mondial to Launch Omnichannel POS Acquiring in Italy

“Mondial Bony has partnered with Credorax to launch the MondialPOS merchant acquiring solution in Italy to address the country’s shift to e-commerce amid coronavirus. The new partnership will allow Mondial Bony to expand beyond its money remittance platform, where it is an authorized payment institution by the Bank of Italy, emphasizing B2B invoice cross-border payments. […]

On The Wires

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Companies

Wirecard and Sisal Group – Through SisalPay – Enter Strategic Cooperation to Drive Digital Payments in Italy

“Wirecard, the global innovation leader for digital financial technology, and Sisal Group, through its brand SisalPay, have signed an agreement to partner in the field of digital payments. With more than 200 million transactions per year, 40,000 points of sale and 15 million customers, SisalPay already offers one of the most successful payment services in Italy and […]