Xavier Niel launches Stancer its new payment solution

A new payment solution called Stancerpay will see the light of day. The Iliad telecommunications group, parent company of the operator Free, announced on Tuesday the launch of a payment solution offer “for merchants and freelancers”, confirming its foray into the financial sector. Called “StancerPay”, this offer is operated by Stancer, its subsidiary initially created in 2018 to manage group payments. “in the iliad, we were tired of paying exorbitant fees to be able to charge our subscribers. This is how Stancer was born,” said Xavier Niel, owner and founder of Iliad, quoted in a press release.

“First we created it for ourselves and now, after years of testing and modifying it, we want to make life easier for other professionals,” he added. Specifically, the service, designed entirely by Iliad engineers, aims to be “omnichannel” (payment terminal for physical collection, interface for remote collection, etc.). With the ambition of offering a solution “two or three times cheaper than the competition” in a global market estimated at more than 1,500 million dollars, George Owen, general director, explains to AFP by Stancer.

At the moment, the launch of the service only concerns France, “but we have the ambition to be a pan-European player”, he adds, while Iliad is present in Italy and Poland. With this project, Free’s matrix follows in the footsteps of his (…)

(…) Click here to see more

Energy prices: how the RATP plans to limit its costs
Will Total’s staggering gains last?
CAC 40: the Paris Stock Exchange in green, the central banks will speak
Camaïeu: the shareholder asks for an “advance from the State” to avoid liquidation
Your electricity bill explodes, a bakery forced to close its doors

Leave a Comment

Your email address will not be published. Required fields are marked *