PPRO integrates Satispay’s e-wallet to boost payments portfolio in Italy

By Megha Bhattacharya

PPRO has announced an integration with the European mobile payment method Satispay. The news follows the company’s funding and a milestone valuation of $1 billion. The integration will see PPRO strengthening its payments portfolio in Italy with a full market offering that includes direct integrations to popular local payment methods MyBank, Trustly, Sofort, Paysafecard, and SEPA. The development is expected to boost sales for PPRO’s customers including payment service providers, gateways, banks, and enterprises with payment platforms.

“The future of borderless e-commerce is being shaped by payment methods like Satispay that meet specific, local consumer demands,” commented Jack Ehlers, Chief Product Officer at PPRO. “Satispay’s innovative European e-wallet provides access to millions of Italian consumers, a strategic market for many businesses. What’s more, our direct integration will deliver a best-in-class technical performance, passing on the benefits of increased conversion rates and sales to our customers and their merchants.”

Satispay has around 1.5 million users and is accepted by more than 10,000 online merchants. The company is also expanding in Germany and Luxembourg, where the company officially launched its solution in late spring 2020.

Andrea Allara, Chief Business Development Officer at Satispay, added, “PPRO is a valuable, strategic partner for us. At the end of the day, its local payments infrastructure will connect our consumers with many thousands of global merchants, allowing them to shop wherever they want for goods and services. We couldn’t be happier with this close collaboration.”

Recently, PPRO teamed up with Banking Circle with an aim to enhance the former’s service offering, thus supporting PSPs working with cross border e-commerce merchants. Dr. Götz Möller, Chief Financial Officer, PPRO, explained, “Banking Circle goes to the heart of our proposition. Being able to make real-time settlements to many of our PSP-clients means we can provide reliable and fast services which sets us apart from our competition.”