US EditionItaly sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros
3 Articles
3 Articles
The digital payment platform to the Public Administration, which also manages the App Io, passes into ownership for 500 million euros.
The digital transition of Poste Italiane is advancing: there are already about 16 million Italians who use the Super App P, the application that has absorbed the previous applications BancoPosta and Postepay...
Italy sells digital payment unit PagoPA to Poste, state mint for up to 500 million euros
MILAN, Dec 19 : Italy’s Treasury has agreed to sell PagoPA, which handles digital payments to public administrations, to the state mint and to state-backed postal group Poste Italiane for up to 500 million euros ($586 million), the mint said on Friday. The deal has raised concerns among Italian banks in recent months, as it could boost competition for smaller lenders already struggling to keep pace with rapid changes in the payments sector. Th…
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