Just a few days ago, the Spanish payment platform Sipay acquired 75% of the share capital de Woonivers Spain, becoming the new majority shareholder of the company. The operation will allow the former to add to its current portfolio of products and services the processing of the tax refund “taxfree operation”, quickly, efficiently and transparently to consumers, either directly or through businesses.
This operation is part of Sipay’s strategic ambition to transform from a Payment Service Provider (PSP) company to a company Full Stack Payment (FSP) of international scope, and become the reference provider of digital payments for shops and businesses.
“We are sure of the synergies that this business offers in combination with the world of digital payments and point of sale software, and of the growth potential of a market that is undergoing an unprecedented transformation process”says its CEO and founder, Jose Luis Nevado.
For this year, it is estimated that the Tax-Free global potential market will exceed 51,000 million euros and currently only the tax refund corresponding to 12% is managed, hence the need to have applications such as Woonivers that make this process faster and easier and even make consumers autonomous in these formalities.
José Luis Nevado adds: “We want to help our clients to sell more, increase their conversion rates and, therefore, the value of their business. To do this, we offer them all kinds of automated digital payment technology solutions, focused on the consumer, from a single, omnichannel platform. With the acquisition of Woonivers, we add one more sales incentive for our clients, helping them to provide a 100% digital experience to the final consumer, to whom they can efficiently offer tax refunds for their purchases”.
Woonivers currently has a license to operate in Spain, France, Italy, Portugal and Belgium.
