Post offices and banks make peace for Bancomat and Postepay?

Post offices and banks make peace for Bancomat and Postepay?

What have Bancomat spa and Postepay (Poste Italiane group) announced. What does ATM's activism hide? The point in the article by Gianluca Zappa

Bancomat spa activism in order not to lose ground in the field of digital finance. Thus, after letting even the possibility of a listing on the stock exchange appear (so perhaps the shareholder banks will be able to collect fresh money by selling the shares or partially diluting themselves in the capital) now Bancomat tightens further synergies with the arrembante Postepay. While the review by the Antitrust on the project of the Bancomat company to review interbank commissions is still in progress; a project that makes some online banks grumble .

Here are all the details on Bancomat spa's move with the Poste Italiane group.

WHAT WILL POSTEPAY AND BANCOMAT DO

Bancomat and PostePay, national operators in the field of debit and prepaid cards, announce the expansion of the current collaboration aimed at activating the issuing license in the Bancomat and PagoBancomat fields.

MATTER OF LICENSES BETWEEN BANCOMAT AND POSTEPAY

This is added to the license already operating in the 'acquiring' field for the acceptance of the aforementioned cards by post offices, Postamat ATMs, as well as merchants affiliated with Postepay.

WHAT WILL BE THE NEXT MOVE OF BANCOMAT AND POSTEPAY

According to the two groups, the initiative aims to accelerate the adoption in Italy of 'co-badge' cards and apps for payment transactions, in order to support the digitization process, expanding the possibilities and ease of dissemination and acceptance. of payments and withdrawals, both by card and digitally.

THE NOTE OF THE TWO COMPANIES

Bancomat and PostePay SpA "announce the expansion of the current collaboration aimed at also activating the 'issuing' license in the Bancomat and PagoBancomat fields" which, explains a note, "is added to the license already operational in the 'acquiring' sector for the acceptance of the aforementioned cards by post offices, Postamat ATMs, as well as merchants affiliated with Postepay.

WHAT BANCOMAT AND POSTEPAY SAY

The initiative "is also aimed at accelerating the adoption in Italy of 'co-badge' cards and apps for payment transactions, so as to support the digitization process, expanding the possibilities and ease of dissemination and acceptance of payments and withdrawals, both via paper and digitally ", expanding the services" also in digital contexts ".

THE NEXT DIGITAL MOVES OF BANCOMAT AND POSTEPAY

It is "in line with this objective", it is still emphasized, that "the scope of collaboration between PostePay and Bancomat will be further expanded also through the implementation by PostePay of the Bancomat Pay service, in order to offer customers additional methods of digital payment and P2P money exchange via app ".

THE COMMENT OF SIRACUSANO (POSTEPAY)

“With the intention of increasing the operational scope of the services available to customers, both retail and business, by expanding the choice of products offered on the market, PostePay – comments the CEO. Marco Siracusano – intends, in the near future, to make operational use of the license also as an issuer, for the performance of the activities of issuing and placing cards and apps enabled to operate on Bancomat, PagoBancomat and Bancomat Pay Circuits. to be able to contribute significantly to developing and expanding the domestic payment circuit in the interest of the country system as well as the process of transformation and digital inclusion implemented by the Poste Italiane group in favor of all its customers ".

THE WORDS OF ZOLLO (ATM)

For the CEO of Bancomat, Alessandro Zollo, "thanks to this initiative, Bancomat will be able to continue on its growth path as an Italian strategic infrastructure and contribute in an even more decisive way, together with partner banks and the Poste Italiane group, to the acceleration of the spread of electronic payments in Italy and Europe and the digitization and modernization of our country "


This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/poste-e-banche-fanno-pace-per-bancomat-e-postepay/ on Wed, 24 Feb 2021 15:09:50 +0000.