Sipay signs a strategic agreement with Bankia to launch Waiap, the entity’s new digital payments platform

• WAIAP is a Payment Service Provider that will enable online merchants to offer end consumers the largest number of payment methods available.
• SIPAY, a leading company in technology and in the development of innovative and secure payment solutions, is the strategic partner for the development of this new platform.
• BANKIA is committed to digital transformation with its new digital payments platform aimed at any type of business

Madrid, May 8th, 2019. Sipay, the leading payment gateway in the payment sector, has signed a strategic agreement with Bankia to develop Waiap, the bank’s new digital payment platform. Waiap is a Payment Service Provider (PSP) that will allow merchants with an online presence to integrate the largest number of payment methods through a single platform. Bankia’s commitment to the development of a technological platform makes clear its vision of the future, in which the user experience is really important, as well as invisibility in the process through payment in one click. Currently, the consumer is at the center of the strategy of all brands, being the main focus of these create fully personalized services, and this is precisely one of the reasons why Waiap will evolve, adapting and incorporating all those payment methods and features that both merchants and end consumers want and need. José Luis Nevado, CEO and Founder of Sipay points out that “the ecosystem of the payment sector is in continuous evolution. This is the moment when entities must focus on accelerating their digital transformation and bet on new technologies that improve the user experience. In this sense, 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”. Waiap platform, in addition to offering different payment methods, allows merchants to control and manage the operations of all their establishments through a single platform and see through personalized and intuitive dashboards the global vision of the business, which will definitely help them in making strategic decisions. According to Félix Uriarte, Digital Banking Director at Bankia, “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”. Waiap, thanks to the functionalities and added value it offers to merchants due to its easy operation management, will become a key tool for online businesses and the payment platform for e-commerce in order to lead the national market. BANKIA Bankia is the fourth Spanish financial institution with more than 208,000 million euros in assets and close to 8 million customers. The bank is the leader in six regions representing 38% of GDP: Madrid, Valencia, the Balearic Islands, Murcia, La Rioja and the Canary Islands. Bankia has a universal banking business model based on multi-channel management It operates nationwide and its activity is focused on the business of individuals and companies. In addition, it is the only Spanish bank that offers its customers all the payment methods available in the market and it is a leader in immediate transfers. Bankia’s digital sales now account for 23.5% of the total. SIPAY Sipay is a payment gateway with 25 years of experience, specialized in developing intelligent payment solutions for merchants, adapted to each sector and business, both in the physical point of sale and in online commerce. Sipay has PCI DSS certification in its latest version 3.2.1, for all its solutions, which is the highest security standard in the payment sector. Among its clients, it has references in the tourism, fashion, leisure and insurance sectors.