BANCOMAT Pay
PagoBANCOMAT is the biggest card network in Italy, with a market share of between 40% and 60% and cardholders over 37 million. All PagoBANCOMAT cardholders are potential users of BANCOMAT Pay.
After a user chooses BANCOMAT Pay for a payment and provides a correct phone number, BANCOMAT Pay pushes a notification in the BANCOMAT Pay app and the user can confirm the payment by entering a PIN code or through fingerprint recognition or facial recognition.
Properties
The properties of the BANCOMAT Pay are shown in the following table:
Payment type | Bank transfer | ||
Acquirer | AlipaySG, AlipayEU, AlipayUS | Acquiring region | SG, AU, HK, EU, US |
Payment flow | Redirect | Checkout Payment | ✔️ |
Buyer country/region | Italy | Auto Debit | ❌ |
Funds deduction | Real-time | Refund | ✔️ |
Processing currency | EUR | Partial refund | ✔️ |
Minimum payment amount | 0.01 EUR | Chargeback/Dispute | ❌ |
Maximum payment amount | Unlimited | Refund period | 365 days |
User experience
The following figures show the journey of paying with BANCOMAT Pay:
Figure 1. Payment process with BANCOMAT Pay