PayDo S.p.A. is the Italian fintech startup, born from an idea of Donato Vadruccio, with the mission to offer to European Banks, Payment Institutions and Electronic Money Institutions and their customers - corporate or retail - a digital payment platform called Plick.
Plick is an open solution that enables account to account payments, either immediately or at an agreed future payment date, to anyone in the SEPA area, without knowing the bank details of the payee and without amount limits. Furthermore, it does not require a closed circuit or any new application or registration.
Payers, both retail and corporate, can access Plick directly from their Internet, mobile or corporate banking application and initiate payment simply by entering the mobile phone number or email address of the payee. If the payer is a company the payee's user experience is fully customizable, to the point of making Plick a vector for establishing a new relationship with the payee and not just a tool used to conclude an economic transaction. The payee receives the Plick via WhatsApp, SMS or email and accepts it by entering the IBAN. Moreover, if he/she authorizes the automatic acceptance feature, he/she won’t have to do anything more to cash all subsequent Plicks below €200.
Anyone can receive a Plick, even without being a client of a partner Institution, without registering for any service and without the need for specific hardware or software. The outcome of the transaction is immediate, 24 hours a day, 7 days a week, even during holydays.
Based on APIs, Plick is easily integrated, fully customizable and highly adaptable to the specific needs of customers and users, both corporate and retail.
The collaboration with Nexi represents a concrete example of collaborative Open Banking between a platform, a fintech and financial institutions, all with the same goal of offering a better service to the end customer. Thanks to the agreement, Nexi will provide its partner institutions with a value-added service such as Plick, to support them in improving the payment experience.