The agreement with Mastercard
The agreement with Mastercard represents a strategic step in the expansion of the fintech company’s offering. “We are proud to support an innovative and leading player in the Italian fintech landscape such as Satispay on its journey of growth and evolution. At Mastercard, we are constantly working to provide users with cutting-edge tools and technologies that ensure increasingly seamless, fast and secure payments, with the aim of tangibly simplifying their daily lives. Together with Satispay, therefore, we are putting our global expertise at the service of consumers and businesses, enabling users to benefit from widespread global acceptance and the most advanced security technologies, demonstrating that the future of payments lies in platforms capable of putting the user at the centre, without compromising on either experience or security” comments Luca Corti, Mastercard’s Country Manager for Italia.
With the launch of the new Mastercard cards, Satispay is expanding its range of financial services with the aim of offering users an increasingly comprehensive ecosystem for managing their money, the company explains. The new cards will enable users to make payments worldwide, both in Italia and abroad, via the Mastercard network. Key features include no foreign exchange fees on payments in currencies other than the euro and free cash withdrawals in Italia and abroad, subject to the limits set by the various subscription plans.
The offering complements the services already available on the platform, including savings and investments, the “Pay in 3” feature for interest-free instalments, and the new debit cards, thereby completing an ecosystem designed to meet users’ key financial needs. The cards will be available to the entire user base within the next few days and will be offered as three different options.
Investments: Shares and ETFs are coming
Alongside the expansion of its banking services, Satispay is also strengthening its Investments section, which has already attracted around half a million users. Following the launch of the Interest-Bearing Savings Account and Satispay’s mutual funds, the company is introducing a new service to buy and sell shares and ETFs directly via the app. The service will be available from next week.
“From next week, you’ll also be able to buy ETF shares directly via our app – it’s a straightforward service. You can invest from as little as one euro, with a simple commission of 89 cents on both buying and selling. This commission is waived for regular investment plans in Vanguard ETFs, the partner with whom we are launching this service,” comments Dalmasso.
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