providing IBAN accounts and payment cards Mooney traces its roots back to 2002 when Sisal (renamed to SisalPay) started offering payments, top-ups to natural persons in Italy. In 2019, Mooney was created as a joint venture of SisalPay and Banca 5 (Intesa Sanpaolo Group). In 2022, Intesa Sanpaolo and Enel acquired Mooney. MOONEY S.P.A. (Italy) is an electronic money institution authorized and regulated by the Bank of Italy. MOONEY is focused on providing IBAN accounts and payment cards. The company offers personal accounts with IBAN, prepaid cards.
Italy13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, MOONEY S.P.A. is assigned the overall rating 3.04 (average) which is explained in details below.
| Operating Environment | Friendly | (3.60) |
| Product Range | Average | (3.05) |
| Market Niche | Narrow | (1.92) |
| Company Background | Average | (3.16) |
| Customer Support | Good | (3.43) |
| Customer Sentiment | Bad | (1.40) |
| Transparency | Average | (2.88) |
| Overall Rating | Average | (3.04) |
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TheBanks.eu has also identified the following pros and cons of the company:
MOONEY cards are prepaid cards, rather than debit cards.
Debit vs Prepaid Cards.Debit cards do not have a separate balance and are connected to an account ore-wallet. Such cards are loaded automatically when the account/e-wallet is being topped up.Prepaid cards have a separate balance from an account or e-wallet.These cards have to be loaded manually, usually from the account/e-wallet.
MOONEY cards are issued only as physical (plastic) cards and are delivered to the customer's address.Prepaid Card is a single currency card, it can be issued in EUR only.
EUR (Euro)Wirecard Card Solutions Ltd
MOONEY do not conduct operations with cryptocurrencies.
Italy
MOONEY S.P.A. is authorized by the Bank of Italy as a e-money institution for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions; the authorization was granted on 14 January 2018.
MOONEY S.P.A. is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, MOONEY is required to safeguard its customers’ money.
Due to EEA passport rules MOONEY S.P.A., can conduct its activities in any of the 30 EEA member states.
MOONEY S.P.A. is a SWIFT member and a SEPA (SCT, SCT Inst, SDD, SDD B2B) scheme participant.
MOONEY S.P.A. is connected to MasterCard payment card scheme.
VIA PRIVATA NINO BONNET 6/A, 20154, MILANO, Italy
EnglishItalianMOONEY has profiles on the following social networks:
United Kingdom
Netherlands
Iceland
Cyprus
Germany
MaltaNo. MOONEY S.P.A. is not a bank, but an electronic money institution authorized and supervised by the Bank of Italy.
Originally started as a joint venture of SisalPay and Banca 5, Mooney is currently owned by Intesa Sanpaolo and Enel.
MOONEY is required by law to keep its own funds separated from its customers' money. In case if the company becomes insolvent, the customers' money will be unaffected and will be refunded to clients.
