How Enel X strengthens itself with CityPoste Payment

8 December 20203 years ago babelfish

Enel X has entered into an agreement with Mail Express Group to acquire 100% of the capital of CityPoste Payment

Enel X goes shopping. The company of the Enel group, which provides innovative products and services at the service of energy transformation at the domestic, city and industrial level, intends to acquire 100% of the Italian fintech CPP, CityPoste Payment, from Mail Express Group.

All the details.

THE ACQUISITION

Enel X is preparing to acquire 100% of CPP , CityPoste Payment, a national circuit of payment services for bulletins, payment accounts and debit cards, home banking. It is the first Payment Institution authorized by the Bank of Italy not to belong to a banking and financial group.

And for this it will take the authorization of the Bank of Italy.

THE SHAREHOLDERS OF CITYPOSTE PAYMENT

Meanwhile, the Enel group has reached an agreement with the Meg group (Mail Express Group), the financial and real estate holding company that controls CityPoste Payment, with 1% jointly controlled by Marsili Carlo Maria and Marsili Stefano.

ENEL X STRENGTHENS PRESENTS IN THE TERRITORY

Thanks to the purchase, Enel X will be able to count on a network of approximately 850 points of sale throughout the country, in addition to the approximately 6 thousand served by PayTipper, another recent acquisition, managing up to 20 million transactions a year.

“With the acquisition of Cpp, we are strengthening our presence in the area, offering a payment service that is complementary to the full digital one of Enel X Pay. A choice that responds to the logic of multi-channel approach, in order to meet the needs of our customers more effectively, from the young to the elderly ”, commented the CEO of Enel X, Francesco Venturini.

THE NUMBERS OF CITYPOSTE PAYMENT

The company closed 2019 with a profit of € 5,220, compared to € 44,770 in 2018. Income from commissions amounted to € 7,910,239, up from € 7,161,140 in 2018.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/fintech/come-enel-x-si-rafforza-con-cityposte-payment/ on Tue, 08 Dec 2020 07:23:17 +0000.