Summary Jiffy is an Italy-based mobile payment solution developed by SIA in October 2014.It is one of the leading P2P payment solutions in Europe with 5 million users.
The solution allows users to make P2P transfers in real-time on their smartphones. Jiffy allows money to be transferred simply by selecting the recipient from a mobile phone address book.
To make this solution available to customers SIA collaborates with Italian banks, which offer Jiffy as an additional service through their mobile banking apps.Transfers using Jiffy can be made through bank apps once both sender and recipient are registered with Jiffy and have linked their mobile phone number and IBAN code.
In August 2017, Jiffy extended its services for in-store payments.After a successful pilot in Milan and Bergamo, Jiffy has now commercially launched consumer-to-business (C2B) transfers.
This enables its users to make in-store payments in real-time via Jiffy using QR code, geolocation, and NFC technologies.
Jiffy is now supported by over 130 banks, including Banca Mediolanum, BNL, Banca Popolare di Sondrio, Hello bank!, Inbank, Intesa Sanpaolo, Raiffeisen, UBI Banca, and UniCredit. Jiffy is open to all banks operating in the Single Euro Payments Area - meaning it has a potential user base of over 400 million European current account holders.
The report provides information and insights into Jiffy including -
- Detailed insight into its business
- Comprehensive coverage of its products and services
- Comparative assessment with key alternative payment solutions
- Information on its performance, including its revenue model
- The company’s important events and milestones
Scope - In October 2014, Jiffy was launched in Italy.
- Jiffy’s P2P money transfer service enables users to send and receive money in real-time using a smartphone.
- In July 2018, Bancomat Pay integrated with Jiffy, allowing users to transfer money between private citizens, purchase goods and services at retail stores, and make payments to central and local administrative bodies.
- In August 2018, SIA partnered with Azienda Transport Bergamo and UBI Banca to enable customers to purchase tickets for Bergamo public transport using Jiffy.
Reasons to buy - Gain insights into Jiffy’s business operations and key events.
- Gain insights into its product portfolio and revenue model.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.
Our reports have been used by over 10K customers, including:
MoneyGram - Competitor Profile
MoneyGram is one of the world’s largest cross-border money transfer payment companies.Founded in 1988, the company provides money transfer and payment solutions globally in 200 countries and territories and in over 47 currencies.
Money can be transferred...
After Pay - Competitor Profile
Afterpay is an Australia-based alternative payment solution that offers a buy now, pay later (BNPL) service, enabling consumers to pay for purchases in installments. Initially an online payment solution, it is now available for in-store purchases at select...
NatWest Group - Enterprise Tech Ecosystem Series Summary NatWest Group (formerly RBS Group) is a provider of personal and commercial banking and other financial solutions through two major subsidiaries: RBS and NatWest.Its Personal Banking segment offers accounts, cards, loans and mortgages, insurance,...
Circle - Competitor Profile Summary Circle is a US-based payment service provider.Launched In 2013, Circle initially offered Circle Pay, a peer-to-peer money transfer solution allowing users to transfer money in currencies including US dollars, pound sterling, and euros. In September 2019,...
Bambora - Competitor Profile
Founded in 2015, Bambora is a global merchant acquiring solutions provider that enables merchants to accept in-store and online payments in over 100 currencies.For in-store payments, Bambora offers both regular and wireless POS terminals to merchants.
43 pages •
By Euromonitor International
• Feb 2021
Financial cards and payments were significantly impacted by Coronavirus (COVID-19) during 2020. While the pandemic had a negative effect on overall consumer speeding in this year, it also helped to speed up the ongoing move away from cash. Consumers and retailers tried to avoid handling cash for health reasons, boosting card use, and, in particular,...
61 pages •
By Euromonitor International
• Feb 2021
Coronavirus (COVID-19) had a major impact on financial cards and payments in 2020, with a marked slowdown in consumer payment transactions. The pandemic helped to speed up the ongoing move away from cash, with consumers and retailers avoiding handling cash for health reasons. This helped encourage consumers to move in the direction of contactless...
Italy Cards and Payments - Opportunities and Risks to 2024
’Italy Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Italian cards and payments industry. It provides values and volumes for a number of key performance indicators...
WePay - Competitor Profile
WePay is a US-based online payment service provider that enables e-commerce platforms, marketplaces, and crowdfunding platforms to accept payments for products and services offered through their websites and mobile apps.
Founded in the US in 2008, it...
Rabobank - Enterprise Tech Ecosystem Series
Rabobank Group is a global banking and related financial solutions provider.It is also a leading bank for the food, agribusiness, and beverage industries.
It offers a wide range of products and services, including accounts, deposits,...
Commercial Bank Branches
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.