Satispay Partners with Stripe to Streamline Payments in Italy

Satispay, a mobile payment network, has partnered with Stripe to simplify online shopping for Italian merchants and consumers by eliminating digital transaction barriers.

Through this partnership, select Italian online merchants using Stripe can now accept payments via Satispay, joining over 350,000 retailers already on the network. The collaboration aims to enhance the payment experience for both merchants and consumers in Italy, while also bolstering Satispay’s competitive standing.

To use Satispay, users simply connect their bank account to the network’s app using an IBAN, enabling them to send or receive money without relying on card networks or other intermediaries.

Currently, Satispay serves 4.8 million users in Italy, Luxembourg, and France. The company strives to provide a secure and easy payment solution, allowing customers to make payments in-person or at online stores through its app.

Stefano De Lollis, Online Business Development Director at Satispay, commented: “Partnering with Stripe represents a significant milestone in our strategy to expand our payment acceptance network, ensuring that Satispay users continue to enjoy a seamless and secure payment experience across a growing number of online shops.

“This collaboration also strengthens Satispay’s position as the leading independent payment network in Italy, making it an attractive integration option for international payment service providers.”

Stripe has been actively involved in various European payment ventures this year. Recently, the company expanded its presence in the blockchain space. Last month, cryptocurrency exchange Bitstamp partnered with Stripe to enhance its fiat-to-crypto offerings across Europe.

This followed a June agreement between Stripe and Coinbase aimed at increasing on-chain adoption and providing faster, more affordable financial infrastructure.

Additionally, Stripe has been focusing on expanding its reach in the UK market. In May, the company launched a new suite of payment products tailored for the UK and opened a new office in London to support its growth.