BANCOMAT Pay
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.
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With a user share of 31%, BANCOMAT Pay is one of the most popular mobile payment services in Italy (Statista).
More than 37 million Italians have a PagoBANCOMAT card across 122 Italian banks and 11.5 million consumers are already registered with BANCOMAT Pay today.
According to BANCOMAT Pay, it is accepted by 385,000 merchants.
Payment flow
Online, the consumer goes to the merchant's checkout page and selects BANCOMAT Pay as the payment method. The consumer then enters their mobile device number.
The consumer receives a notification from the BANCOMAT app on their mobile device.
The consumer opens their BANCOMAT Pay app.
The consumer views the transaction cost and either confirms or cancels the payment. The confirmation process can use a fingerprint, PIN, or face ID.
The BANCOMAT Pay app displays a payment confirmation message.
Back online, the consumer sees a confirmation message and can continue shopping.