Bankia and Sipay partner to launch digital payments platform

Payment gateway Sipay has signed a strategic agreement with Bankia to develop a new digital payment platform.

Dubbed Waiap, the platform is a Payment Service Provider (PSP) that will enable merchants with an online presence to integrate the largest number of payment methods through a single platform.

José Luis Nevado, CEO and Founder of Sipay, commented on the “continuous evolution” of the payment sector and that firms must focus on “accelerating their digital transformation” in an effort to improve user experience.

Waiap platform allows merchants to control and manage the operations of all their establishments through a single platform. It also offers different payment methods and personalised dashboards.

Nevado said: “It is a pleasure for us to work hand-in-hand with Bankia and to be able to put our technology at the service of the bank.”

“We are really proud and excited about this alliance signed with Bankia, which represents a great growth opportunity for Sipay and will allow us to evolve and continue developing digital payment solutions in order to be leaders in the payment methods sector”.

Sipay commended Bankia’s commitment to the development of a technological platform makes and highlighted its emphasis on the user experience as well as invisibility in the process through payment in one click.

Félix Uriarte, Digital Banking Director at Bankia explained: “… with Waiap we are taking a very important step forward in our digital transformation process of the services we provide to customers, as they are demanding.”