The Spanish fintech Pecunpay has significantly boosted its offering with the launch of payment service known as Xpays, which enables mobile payments through Apple Pay and Google Pay.
The service involves the digitisation of cards onto Apple and Google wallets, for the full extension of Visa and Mastercard cards, and both physical and virtual cards.
Jaime Rentero, Pecunpay’s Chief Commercial Officer emphasised: “The possibility of offering mobile payments through our card programmes is a great incentive for our clients. We hope it will accelerate the incorporation of new clients.”
This launch is part of the fintech’s digitisation strategy as the group continues to focus on heightened consumer engagement when it comes to mobile payments.
The firm also detailed that in its first month of life, 20% of the programmes issued by Pecunpay have adhered to this new mobile payment solution, that is, over 120,000 cards which can now operate with Apple Pay and Google Pay.
According to STMP, the payment processing solutions market is steadily growing at a rate of 4.8%, with over €200,000 M in net purchases. The inventory of cards stands at 87.6 M, which represents an increase by 3% compared to the previous period, with debit cards accounting for 57.5%.
These figures reinforce Pecunpay’s digital positioning, which translates into a competitive advantage for its clients’ issuance programmes. These include over 40 issuance programmes, from ‘Innovation and State of the Art Technology’, ‘Young Banking’, ‘Business Corporate Cards’, ‘Cards with Social Benefits’, ‘Crypto Programmes’.