MultiSafepay Adds MyBank to Its Payment Methods Portfolio

Netherlands-based payment service provider MultiSafepay has integrated MyBank, to allow users to make and receive payments through pre-filled bank transfers.

With MyBank, merchants will have several advantages, including irrevocable payments with instantaneous confirmation, minimised fraud-related risks and 100% automatic reconciliation. With a network of banks and PSPs counting over 250 participants, MyBank offers payments that take place directly in the customers' online banking environment, with no maximum transaction amount limit, via a fully pre-filled and non-editable wire transfer.

Through this integration, MultiSafepay allows merchants to attract users who are reluctant to share their data with third parties or are looking for alternative payment methods to credit cards. Concerning the user experience, both consumers and business users will benefit from a swift and secure payment method that has always been at the forefront of transaction security and identity protection.

According to officials from MultiSafepay, the integration of MyBank allows them to expand and further diversify their payment method mix with a fully trusted and efficient solution. Moreover, it helps them better meet Italy's customer needs, where MultiSafepay is seeing exponential growth and, at the same time, support the internationalisation strategy of foreign businesses wishing to expand into the Italian market. 

(Source: The Paypers)