Dashlane Continues FinTech Growth; Digital Wallet Drives $5 Billion in Consumer Online Spending

NEW YORK, May 9, 2016 /PRNewswire/ -- Dashlane, an award-winning password manager and leader in online identity management, announces that its digital wallet feature has surpassed $5 Billion in online consumer spending. The landmark spending figure comes as Dashlane expands its global presence with high-profile partners in the FinTech industry, having secured a deal with Banamex, Mexico's largest bank.

"Dashlane is known for keeping your information safe, and we are quickly becoming the favorite for keeping digital transactions safe, secure and organized," said Emmanuel Schalit, CEO of Dashlane.  "Consumers have already made Dashlane a leader in this space and now we are excited to help leading banks, like Banamex, reduce purchase friction and make online shopping one-click everywhere."

Online Checkout Made Easy

The power of Dashlane's digital wallet is in its ease of use and universal acceptance online. The wallet, which securely stores a host of online payment methods ranging from credit cards to bank accounts, operates seamlessly in the background. During the checkout process, Dashlane automatically detects shipping, billing, and payment form fields and prompts users to select their desired payment. Once selected, Dashlane automatically fills-out all of the necessary forms. A checkout process that typically takes a few minutes turns into one or two clicks, saving shoppers considerable time and keeping their personal and payment information secure in Dashlane, versus storing it on individual e-commerce sites.

Dashlane's digital wallet works on all websites and removes the checkout friction that drives shopping cart abandonment for online merchants, which can affect up to 70 percent of potential transactions.

"The unique advantage of using Dashlane for online payments comes from our universal capability," said Schalit. "While other forms of online payment and identity management are limited in scope by device type, operating system, or merchant adoption, Dashlane works everywhere. This helps remove the majority of the friction consumers face when completing online transactions."

Global Partnerships

Because online payment is such a prominent aspect of digital identity, Dashlane is launching partnerships with well-known global banks, networks, and emerging FinTech players. These collaborations will enable Dashlane to deliver its powerful identity management and online payments tools directly to clients of these institutions.  Dashlane enables bank partners to communicate with their customers at checkout and provide special offers, rewards, and other relevant information.

The company recently secured a ground-breaking deal with Banamex, the largest bank in Mexico. Through this deal, exclusive to Banamex customers in Mexico, Dashlane will provide 6 months of Dashlane Premium for free and VIP access to its Spanish-language support, as well as the ability to shop faster using their Banamex credit card stored securely in Dashlane.  In addition to offering its premium password and identity management to millions of Banamex customers, Dashlane will enable Banamex to seamlessly deliver even more relevant content to its customers while they shop online.

About Dashlane

Dashlane makes identity and checkouts simple with its password manager and secure digital wallet app. Dashlane allows its users to securely manage passwords, credit cards, IDs, and other important information via advanced encryption and local storage.

Dashlane has helped over 4 million users manage and secure their digital identity. The app is available on PC, Mac, Android, and iOS, and has won critical acclaim from top publications, including: The New York Times, The Wall Street Journal, and USA Today.

Dashlane is free to use on one device, and Dashlane Premium costs $39.99/year to sync between an unlimited number of devices. Dashlane was founded by Bernard Liautaud and co-founders Alexis Fogel, Guillaume Maron, and Jean Guillou. The company has offices in New York City and Paris and has received $30 million in funding from Rho Ventures, FirstMark Capital, and Bessemer Venture Partners.

Learn more at Dashlane.com

SOURCE Dashlane

Related Links

http://www.Dashlane.com