Stancer Launches Digital Payment Solutions in Italy
Stancer, a fintech company under Iliad Group, has officially entered the Italian market to target small businesses with an integrated payment platform. This expansion is part of a broader European strategy, emphasizing European data sovereignty and compliance in digital transactions, aiming to ease the payment process for SMEs.
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Stancer has officially launched its digital payment services in Italy, focusing on small businesses, which constitute 99.9% of the non-financial economic fabric. The company utilizes proprietary technologies and aims to avoid rigid models typical for larger corporations.
With over 7.6 million monthly payment transactions, Stancer relies on its Group's data centers for secure transactions and plans to develop local partnerships with banks and associations to strengthen its market presence. The challenge lies in gaining merchant trust in a competitive market where established banking relationships prevail, necessitating a cultural shift in service provider interactions. Long-term success will depend on integrating payment services into an interoperable fintech ecosystem in Italy.
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