Home >> Service Industries >> Financial Services

Alternative Payment Solution: Jiffy

Published: Jul-2017 | Format: PDF | GlobalData | Number of pages: 14 | Code: MRS - 155256

Alternative Payment Solution: Jiffy

Summary

Jiffy is an Italy-based mobile payment solution developed by SIA S.p.A. in October 2014. It is one of the leading P2P payment solutions in Europe with 4.2 million users, the second-highest in the region after Swish, ahead of the UK’s Paym. 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 the mobile's address book.

To make this solution available to customers, SIA has collaborated with Italian banks that offer Jiffy as an additional service on their mobile banking apps or internet banking webpages. Transfers using Jiffy can be made through bank apps or internet banking once both sender and recipient are registered with Jiffy and have linked their mobile phone number and IBAN code. It works on compatible iOS, Android, and Windows mobile devices. Some banks also allow recipients to receive money by communicating their IBAN code to the sender's bank, in cases where people are not willing to sign up for Jiffy.

As of July 2017, Jiffy is supported by 23 bank groups in Italy, including: BNL, Banca Nuova, Banca Popolare di Milano, Cariparma, Carispezia, Cassa Centrale Banca, Che Banca!, Friuladria, Gruppo Carige, Hello bank!, Inbank, Intesa Sanpaolo, Banca Mediolanum, Monte dei Paschi di Siena, Banca Popolare di Vicenza, Raiffeisen, UBI Banca, UniCredit, Veneto Banca, WeBank, and Widib. Banca Popolare di Sondrio and Volksbank Banca Popolare are planning to join soon.

In June 2017, Jiffy extended its services for in-store payments. After a successful pilot in Milan and Bergamo in 2016, 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. In addition, users can transfer money directly to merchants using their mobile number - similar to existing P2P payments. The service was launched in collaboration with Intesa Sanpaolo and is offered to customers of this bank.

The solution is currently concentrated in Italy. However, SIA plans to expand it to other European markets. Jiffy is based on European SEPA standards and therefore can be offered by all banks operating within SEPA.

The report provides information and insights into alternative payment solution 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

- Jiffy is an Italy-based mobile payment solution developed by SIA S.p.A. in October 2014.
- As of March 2017, Jiffy has 4.2 million registered users.
- In June 2017, Jiffy extended its services for in-store payments.
- As of March 2017, Jiffy is supported by 23 banking groups.

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.
Table of Contents
Overview
Historic Milestones
Benchmarking
Revenue Model
Products and Services
Significant Events
Partner Banks and Financial Institutions
Appendix

                        
            

Inquiry For Buying

Please fill your details below, to inquire about this report:
Indicates required fields

Request Sample

Please fill your details below, to receive sample report:
Indicates required fields


Related Reports

USA Solar Street Lighting Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193262 | 3000

The reports shows the different types’volume and Value in different applications. The major Solar Street Lighting Market (The Northeast, The Midwest, The Southwest, The Southeast, The West) is analyzed, data including: market size, import and export, sale segment market by product type and applications. Market Analysis by Players Philips Leadsun Solar Street Lights USA SEPCO Jiawei Yingli Solar SOKOYO King-sun Market Analysis by Regions: The Northeast The Midwest The Southwest The Southea Read more

USA Spa Software Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193261 | 3000

The reports shows the different types’volume and Value in different applications. The major Spa Software Market (The Northeast, The Midwest, The Southwest, The Southeast, The West) is analyzed, data including: market size, import and export, sale segment market by product type and applications. Market Analysis by Players MINDBODY Rosy Vagaro Booker Phorest Salon Software Syntec Business Systems AestheticsPro Online Versum Acuity Scheduling Timely Springer-Miller Systems Salon Ultimate Salo Read more

USA Smart Waste Management Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193260 | 3000

The reports shows the different types’volume and Value in different applications. The major Smart Waste Management Market (The Northeast, The Midwest, The Southwest, The Southeast, The West) is analyzed, data including: market size, import and export, sale segment market by product type and applications. Market Analysis by Players Pepperl+Fuchs Stesalit Systems Ltd. Enevo Oy Ecube Labs Compology Bigbelly Solar Inc OnePlus Systems Urbiotica Waviot Market Analysis by Regions: The Northeast Read more

Global Solar Street Lighting Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193259 | 3000

The report provides a comprehensive analysis of the Solar Street Lighting industry market by types, applications, players and regions. This report also displays the production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Solar Street Lighting industry in USA, EU, China,India, Japan and other regions, and forecast to 2022, from 2017. Market Analysis by Players Philips Leadsun Solar Street Lights USA SEPCO Jiawei Yingli Solar SOK Read more

Global Spa Software Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193258 | 3000

The report provides a comprehensive analysis of the Spa Software industry market by types, applications, players and regions. This report also displays the production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Spa Software industry in USA, EU, China,India, Japan and other regions, and forecast to 2022, from 2017. Market Analysis by Players MINDBODY Rosy Vagaro Booker Phorest Salon Software Syntec Business Systems AestheticsPr Read more

Global Smart Waste Management Industry Research Report 2017

Dec-2017 | Hong Chun Consult | Pages : 140 | Code : MRS-193257 | 3000

The report provides a comprehensive analysis of the Smart Waste Management industry market by types, applications, players and regions. This report also displays the production, Consumption, revenue, Gross margin, Cost, Gross, market share, CAGR, and Market influencing factors of the Smart Waste Management industry in USA, EU, China,India, Japan and other regions, and forecast to 2022, from 2017. Market Analysis by Players Pepperl+Fuchs Stesalit Systems Ltd. Enevo Oy Ecube Labs Compology B Read more

United States Ecotourism Market Research Report 2017

Dec-2017 | BisReport | Pages : 137 | Code : MRS-192583 | 2350

United States Ecotourism Market Report 2017 With the slowdown in world economic growth, the Ecotourism industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Ecotourism market size to maintain the average annual growth rate of X% from XXXX million $ in 2013 to XXXX million $ in 2016, analysts believe that in the next few years, Ecotourism market size will be further expanded, we expect that by 2021, The market size of the Read more

United States Data Analytics Market Research Report 2017

Dec-2017 | BisReport | Pages : 124 | Code : MRS-192582 | 2350

United States Data Analytics Market Report 2017 With the slowdown in world economic growth, the Data Analytics industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Data Analytics market size to maintain the average annual growth rate of X% from XXXX million $ in 2013 to XXXX million $ in 2016, analysts believe that in the next few years, Data Analytics market size will be further expanded, we expect that by 2021, The mar Read more

Global Warranty Management System (WMS) Market Research Report 2017

Dec-2017 | BisReport | Pages : 129 | Code : MRS-192581 | 2350

Global Warranty Management System (WMS) Market Report 2017 With the slowdown in world economic growth, the Warranty Management System (WMS) industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Warranty Management System (WMS) market size to maintain the average annual growth rate of X% from XXXX million $ in 2013 to XXXX million $ in 2016, analysts believe that in the next few years, Warranty Management System (WMS) mark Read more

Global Pork Processing Market Research Report 2017

Dec-2017 | BisReport | Pages : 138 | Code : MRS-192580 | 2350

Global Pork Processing Market Report 2017 With the slowdown in world economic growth, the Pork Processing industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Pork Processing market size to maintain the average annual growth rate of X% from XXXX million $ in 2013 to XXXX million $ in 2016, analysts believe that in the next few years, Pork Processing market size will be further expanded, we expect that by 2021, The market Read more

Single User | $(USD)350 View Pricing