Satispay, an innovative bank account-enabled mobile payment solution, has announced its continued expansion in Luxembourg and other European markets.

PPRO, a leading provider of local payments infrastructure, has launched their integration of Satispay and rounded out their coverage of the European market. Their full market offering includes direct integrations to local payment methods MyBank, Trustly, Sofort, Paysafecard and SEPA. 

As number one in CBC Europe’s annual ranking of the top sixteen European countries in cross-border online shopping and with e-commerce in Europe having grown more than 30% in 2020, Luxembourg considered a key e-commerce hubs. For the second year in a row, the country has taken the lead in numbers of cross-border web visitors, confidence levels and cross-border market share. The top shopping destinations for Luxembourgish consumers are Germany, France and Belgium. 

According to Satispay, the key to tapping into this market relies on creating a seamless payments experience that accounts for all the ways Luxembourg consumers prefer to pay. Satispay’s recent growth in Luxembourg and other European markets underscores the opportunity. Last year, the company doubled the number of online merchants in its network and recorded a 61% increase in the number of online transactions. Currently, Satispay has over 1.5 million users and is accepted by more than 10,000 online merchants in Europe – a number PPRO plans to increase in 2021. As a growing disruptor in payments, Satispay is also expanding in Germany and Luxembourg, where the company officially launched its solution in late spring 2020. 

“The future of borderless e-commerce is being shaped by payment methods like Satispay that meet specific, local consumer demands,” commented Jack Ehlers, Chief Product Officer at PPRO. “Satispay’s innovative European e-wallet provides access to millions of Italian consumers, a strategic market for many businesses. What’s more, our direct integration will deliver a best-in-class technical performance, passing on the benefits of increased conversion rates and sales to our customers and their merchants”.

Alberto Dalmasso, CEO and co-founder of Satispay, added: “PPRO is a valuable, strategic partner for us. At the end of the day, their local payments infrastructure will connect our consumers with many thousands of global merchants, allowing them to shop wherever they want for goods and services. We couldn’t be happier with this close collaboration”.