Satispay Moves Past Payments With Launch of Piggy Bank

Satispay Moves Past Payments With Launch of Piggy Bank
Satispay Moves Past Payments With Launch of Piggy Bank

Hey Payments Fanatic!

Satispay is now offering Invested Savings, introduced under the name "Remunerated Piggy Bank." The Italy-based fintech unicorn, which rolled out its Loyalty Program back in April, is moving beyond payments with its first investment product integrated directly into the app.

Despite the name, this is not a traditional savings account. Funds are invested in a low-risk money market fund, and are not protected by a central bank, marking a shift toward accessible, entry-level investing.

Available without minimums, lock-ins, or complex onboarding, Invested Savings builds on the appโ€™s widely used โ€œSavingsโ€ feature, already adopted by over a million users. It offers an annualized return of 2.24% and allows deposits or withdrawals at any time. Managed by Amundi Asset Management, the fund allocates capital to short-term, highly liquid instruments like government bonds and bank deposits.

"We are doing this with a first product, the Remunerated Piggy Bank, but already projected to many other innovations designed for different types of users and objectives, which we are working on and will arrive in the coming months." said Alberto Dalmasso, Co-Founder and CEO of Satispay.

The rollout starts this week in Italy. With no activation or withdrawal fees, automatic tax management, and real-time tracking in-app, Satispay is offering a streamlined path into financial markets, especially for users less familiar with traditional investment platforms.

Read more global payment industry updates below ๐Ÿ‘‡ and I'll be back with more tomorrow!

Cheers,

Marcel


INSIGHTS

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GOLDEN NUGGET

Pazeโ„  โ€” The ๐…๐ฎ๐ญ๐ฎ๐ซ๐ž of ๐๐š๐ง๐ค-๐๐š๐œ๐ค๐ž๐ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐–๐š๐ฅ๐ฅ๐ž๐ญ๐ฌ to ๐ซ๐ข๐ฏ๐š๐ฅ Apple๐๐š๐ฒ & Google Pay๐Ÿ‘‡ Created by Arthur Bedel

How Does Pazeโ„  Work?

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐๐š๐ณ๐ž?

Pazeโ„  is a ๐›๐š๐ง๐ค-๐›๐š๐œ๐ค๐ž๐ ๐๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ฐ๐š๐ฅ๐ฅ๐ž๐ญ designed for secure, streamlined eCommerce checkout. Unlike traditional wallets, Pazeโ„  is automatically provisioned through the customerโ€™s existing banking relationship โ€” no downloads, no new credentials, no manual card entry.

It enables consumers to check out online with a single sign-in experience by pulling payment and shipping credentials directly from their bank or credit union.

๐‡๐จ๐ฐ ๐ƒ๐จ๐ž๐ฌ ๐๐š๐ณ๐ž ๐–๐จ๐ซ๐ค?

1๏ธโƒฃ ๐‹๐จ๐ ๐ข๐ง โ€” User enters phone number or email

2๏ธโƒฃ ๐ˆ๐๐ž๐ง๐ญ๐ข๐ญ๐ฒ ๐•๐ž๐ซ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง โ€” OTP-based verification

3๏ธโƒฃ ๐’๐ž๐ฅ๐ž๐œ๐ญ ๐‚๐š๐ซ๐ โ€” Choose from eligible debit/credit cards

4๏ธโƒฃ ๐‚๐จ๐ง๐Ÿ๐ข๐ซ๐ฆ ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ฌ โ€” Payment data + shipping info prefilled

โœ… ๐‚๐ก๐ž๐œ๐ค๐จ๐ฎ๐ญ ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ž๐ญ๐ž in seconds, no form-filling required

Is Pazeโ„  the ๐ง๐ž๐ฑ๐ญ ๐›๐ข๐  ๐ญ๐ก๐ข๐ง๐  in the ๐”.๐’.?

Pazeโ„  addresses the long-standing eCommerce friction of card entry and consumer authentication by using:

โ–บ ๐๐ซ๐ž-๐ฉ๐ซ๐จ๐ฏ๐ข๐ฌ๐ข๐จ๐ง๐ž๐ ๐œ๐š๐ซ๐๐ฌ from issuers (nothing to manually enroll)

โ–บ ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ ๐ฎ๐ฉ๐๐š๐ญ๐ž๐ซ to ensure cards stay current (no expired card rejections)

โ–บ ๐๐ž๐ญ๐ฐ๐จ๐ซ๐ค ๐ญ๐จ๐ค๐ž๐ง๐ฌ to maximize authorization success and reduce fraud

It's built into the ecosystem, not layered on top of it โ€” making it merchant-agnostic, secure, and scalable.

๐๐š๐ง๐ค๐ฌ ๐ž๐ง๐š๐›๐ฅ๐ข๐ง๐  ๐๐š๐ณ๐ž ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ–บ Bank of America

โ–บ Capital One

โ–บ JPMorganChase Chase

โ–บ PNC

โ–บ Truist

โ–บ U.S. Bank

โ–บ Wells Fargo

โ–บ Navy Federal Credit Union, and hundreds of regional banks

๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐‚๐จ๐ง๐ฌ๐ฎ๐ฆ๐ž๐ซ๐ฌ:

โœ” No need to create a new account

โœ” No passwords to remember

โœ” Autofilled cards and addresses

โœ” Works at checkout โ€” no app download required

๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐Œ๐ž๐ซ๐œ๐ก๐š๐ง๐ญ๐ฌ:

โœ” Reduces form abandonment

โœ” PCI compliance simplified via tokenization

โœ” Integrates with existing payment processors

โœ” No fees to accept Pazeโ„ 

โœ” One-click-style experience with bank-verified credentials

๐Œ๐ฒ ๐๐Ž๐•:

Pazeโ„  has the ingredients to become a serious native wallet alternative to Big Tech solutions like ApplePay or Google Pay. What makes it different is its ecosystem-level integration: card issuers, networks, and merchants all participate โ€” bridging the fragmentation gap.

If user adoption follows through, Pazeโ„  could shift the balance in favor of bank-centric checkout experiences.

Source: Pazeโ„ 


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