BANCOMAT Pay is a mobile payment service created by BANCOMAT which enables consumers to make e-commerce purchases through an app on their mobile phones.
It is available to all PagoBANCOMAT cardholders via their bank’s app or the BANCOMAT Pay app and is connected to their bank account by phone number and IBAN. Other services offered by BANCOMAT Pay directly include peer-to-peer, money transfers, and in-store payments.
Consumers enter their mobile number at checkout and confirm the payment through the app by PIN, fingerprint, or face recognition.
With a user share of 34%, BANCOMAT Pay is the second most popular mobile payment service in Italy driven by 102% growth in transactions year on year – 2021. According to BANCOMAT Pay, it is accepted by 385,000 merchants.
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