PaynoPain, the first fintech in Spain to enable Click to Pay in its merchant network with Mastercard

• Click to Pay enhances the user experience for online card payments, providing greater security and control.

• This solution simplifies the online payment process by eliminating the need for consumers to manually enter their card details.

• Silken Hoteles, ILikeToBuy.es, and Smart Entradas are among the first merchants leading the launch in Spain.

PaynoPain has announced that it becomes the first fintech to offer its merchants in Spain the Mastercard Click to Pay solution. This convenient and secure service for online payments is based on the international EMVco* standard for transactions in e-commerce where manual entry of payment credentials is required.

Thanks to the agreement between PaynoPain and Mastercard, Spanish merchants from different industries – Silken Hoteles, the premium fashion marketplace ILikeToBuy.es, and the ticketing portal Smart Entradas – have integrated this solution into their payment systems due to its ease of use and efficiency. Furthermore, in the coming months, it will be available to all PaynoPain online payment platform customers worldwide.

Greater security and control

With Mastercard Click to Pay, users can securely store their cards and use them for online payments without manually entering payment details for each transaction or remembering an additional password. Whether on a smartphone, tablet, or computer, users only need to follow three simple steps to complete their purchases.

The first step is to identify the Click to Pay icon on the online merchant’s virtual POS that offers the service; next, choose which of the stored cards to use for the purchase, a process made very simple by viewing each card’s image; and finally, confirm the payment to complete the checkout process.

In addition to being very easy to use, Click to Pay maximizes transaction security through tokenization, a process by which a unique virtual number is assigned to each card, and encryption included in every payment.

According to Paloma Real, General Manager of Mastercard Spain: “The future of payments lies in optimizing the customer experience. Offering consumers a convenient, secure, and easy online payment process is no longer a bonus but has become a major necessity in today’s market. We are delighted to work with PaynoPain to make this solution available to the market, as well as to scale and amplify its reach, all with the goal of improving customer experience while providing merchants with greater confidence, security, and speed.”

For his part, Jordi Nebot, CEO and founder of PaynoPain, explains: “At PaynoPain, we work every day to become leaders in one of the most competitive and dynamic sectors. Integrating the Click to Pay method is further proof of our firm commitment to solutions that provide clients with convenient, fast, and secure alternatives that enhance the payment experience at establishments.”

Benefits of Click to Pay

Click to Pay is a solution designed to bring the security, convenience, and control of physical payments to online payments. In this regard, it provides benefits for users, issuers, and merchants alike:

Consumers will enjoy a better online payment experience:

• Offers a consistent and password-free payment

• Securely stores payment information

• Recognizes users through intelligent authentication

• Centrally manages consumers’ payment information

Issuers can support an efficient and standards-based shopping experience:

• Increases approval rates and reduces fraud

• Manages authentication, risk, and consumer engagement

• Boosts cardholder confidence and loyalty

• Strengthens user relationships

Merchants will offer faster and smarter payment systems:

• Reduces integration costs and simplifies management

• Decreases fraud risk

• Builds user trust with a recognizable payment icon

• Promotes commercial speed