Poste Italiane will push PostePay with Lis (formerly Lottomatica Italia Servizi), here’s how
Poste Italiane, through its subsidiary PostePay, has completed the acquisition of Lis Holding, a paytech company leader in the Italian proximity payments market, from International Game Technology
Poste Italiane strengthens its position in the digital payments market with Lis, offering 55,000 new points of contact to its customers.
The group, through PostePay, has completed the acquisition of Lis Holding (the former Lottomatica Italia Servizi), a leading paytech company in the Italian proximity payments market, from International Game Technology (Igt). The company announced today.
The consideration for the purchase of 100% of the share capital of Lis, explains the note, is equal to 700 million euros, including the net cash available conventionally agreed of 70 million euros, as announced on 28 February .
"The acquisition of Lis represents the most significant financial acquisition transaction in the history of Poste Italiane, reflecting the commitment made to increase our market share in the fast-growing payments segment, strengthening PostePay's positioning as a leading company in the paytech sector ”commented Poste CEO Matteo Del Fante.
In particular, Lis uses a proprietary paytech platform. And according to Del Fante, the “full control of LIS's proprietary platform combined with the internalisation of technological know-how” will allow the group “to advance further in the implementation of our omnichannel strategy and in the area of payment solutions”.
All the details.
OBJECTIVE: CONSOLIDATE POSTEPAY'S LEADERSHIP IN THE PAYMENT MARKET
In line with the integrated omnichannel strategy at the heart of the “24SI” plan, the note continues, PostePay will consolidate its leadership in the payments market and in the ecosystem of digital services.
PostePay provides solutions for the daily needs of customers through the integration of payment and telecommunications services and with the complete offer in the energy sector for retail customers. PostePay manages 28.3 million payment cards and approximately 10 million digital wallets as of June 30, 2022. The revenues of the Payments and Mobile segment grew by 21% year on year in the first half of 2022.
According to the group, “PostePay will leverage Lis's technological know-how to expand its product offer and strengthen the solutions dedicated to Small and Medium-sized Enterprises, thus consolidating its leadership position in the paytech market”.
WHAT LIS DOES
Lis is active in the Italian proximity payments market through a network of approximately 54,000 affiliated sales points. The Milanese company offers services, including payment of bills, prepaid payment cards, phone top-ups and vouchers and other solutions for merchants and businesses. Furthermore, the company uses a proprietary paytech platform, benefiting from economies of scale, technologies and skills. It has over 100 employees.
THE TOP
In addition to the CEO Francesco Sebastiano Marrara, the board of directors includes: Dario Rapisarda; Roberto Saracino; Luciano Cavazzana and Miguel Bertuzzi (president).
ALL THE NUMBERS
In 2021 Lis generated a gross turnover of approximately 228 million and an Ebitda of approximately 40 million, the note reads. In the first half of 2022, a gross turnover of 132 million euros and an Ebitda (+ 16% year on year) of 24 million.
THE POSTE STRATEGY
"The acquisition – explained Del Fante in an interview with TGPoste commenting on the closing of the operation – is explained by the desire to be close to customers by offering our services in the way they consider easiest". “With LIS Holding – added the CEO of Poste Italiane – we support the 12,800 post offices with 55,000 new contact points that have about 5 million daily visits”.
The capillarity of the physical network of post offices, however, remains central to the offer of products and services to citizens: “LIS points will be a sort of“ buttadentro ”for post offices, explained Del Fante. Citizens will be able to initiate a relationship in the LIS bookshops “that will continue at the post office, where we have significantly diversified our offer. The first product that we have already started testing in Emilia-Romagna is the possibility of going to the tobacconist's and booking a ticket at the counter or an appointment in the consulting room ”.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/poste-italiane-postepay-lis/ on Thu, 15 Sep 2022 14:10:01 +0000.