Satispay launches instalment payment also in physical shops

Satispay launches the new 'Satispay Pay in 3' service, extending the instalment payment system Buy Now Pay Later to physical shops. Users will be able to pay in three instalments and without interest for purchases over EUR 30 directly from the app, with the same procedure as always, in all physical as well as online affiliated shops, without having to fill in forms or present documents and without waiting, simply through the app. The release of the new service for consumers and merchants starts today and will be progressive in the coming weeks. It will be available to over 400,000 merchants in the circuit, including large brands such as IKEA Italia, Prénatal, Gamelife, Tigros, and Grimaldi Lines, as well as starred restaurants, pharmacies, and hotels. According to Satispay, "even small retailers will be able to benefit from the positive sales effect of Buy Now Pay Later, which is already well established for e-commerce.

"We have closely followed the development of the buy now pay later trend, choosing to wait for the right moment to bring all the benefits to our community. Now that we have 6 million users, with over 400 thousand merchants, the moment has arrived," commented Aberto Dalmasso, co-founder and CEO of Satispay. "In Italy BNPL is already used for 17% of online payments, but only 4% for physical payments. This discrepancy highlights the need to make the service more accessible to small merchants, who often risk being less competitive by not having access to this kind of innovation, while supporting consumers in their daily purchases".