back Back

Skrill to provide free payment services to Italians during lockdown

By Megha Bhattacharya

November 06, 2020

  • Italy
  • Skrill
Share

Online payments company Skrill today announced that it will be dropping fees and foreign exchange charges for users of Skrill Money Transfer, sending money in or out of Italy. The development comes as Italy began a new wave of restrictions due to the COVID-19 pandemic. The service will remain free until December 3, 2020.

Lorenzo Pellegrino, CEO of Skrill which is part of specialised payments platform Paysafe, said, “Italians are bracing themselves for the coming weeks as restrictions begin to tighten across the country. It has never been more important to protect our loved ones and support local businesses. We’re keen to ease the pressure that both businesses and consumers are experiencing at this time and ensure that as many funds as possible are going to the right place.”

Skrill was founded in 2001 and its money transfer service allows customers to send money from anywhere in the world directly to people in over 40 countries. Skrill enables businesses to process a range of different payment options such as cards, wallets, instant bank transfers, cash payments and other alternative payment methods via a single integration.

According to Skrill, it will also offer its wallet and Quick Checkout solution free of charge for two months to businesses in Italy using the service for the first time before the end of the year. The move is expected to particularly support the small businesses which have had to shift to a digital-only service during the lockdown. Any merchant which starts accepting Skrill as a payment method will have the option to be promoted to millions of Skrill users around the world.

Recently, Skrill announced a four-year partnership with AC Milan, thus becoming the prefered payments partner for the latter’s merchandise sales and will also work as a live payments option on its international online store. Skrill has also been integrated into Vivaticket, thus providing customers with the supplier’s digital wallet for buying match tickets and other experiences.

Previous Article

November 06, 2020

Verady & DAR partner to offer institutional crypto asset financial reporting

Read More
Next Article

November 06, 2020

5 Top performing FinTech companies in the United States

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Italy

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

PPRO and Afterpay team to bring BNPL solution to US consumers

Read More

May 24, 2024

Boodil launches innovative Travel Payments Platform

Read More

May 24, 2024

heymax & Visa team to simplify Credit Card rewards experience

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023