Alipay, China's leading third-party online payment solutionAlipay, China's leading third-party online payment solution

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

PPRO

Acquiring region

IT

Payment flow

Redirect

Checkout Payment

✔️

       Buyer country/region

Italy

Auto Debit

Funds deduction

Real-time

Refund

✔️

        Processing currency

EUR

Partial refund

✔️

Refund period

365 days

Chargeback

✔️

Minimum payment amount

0.01 EUR

Maximum payment amount

Unlimited

User experience

The following figures show the journey of paying with BANCOMAT Pay:

image.png

Figure 1. Payment process with BANCOMAT Pay