BANCOMAT acquires control of FlowPay, a fintech specialized in open banking and digital payment solutions

Rome, 26 February 2025 - Transaction consistent with BANCOMAT's new Business Plan and aimed at strengthening innovative payment instruments.
BANCOMAT S.p.A., leader in payment services in Italy, announces that it has signed a binding contract for the acquisition of a controlling interest in FlowPay, a fintech specialized in open banking and digital payment solutions.

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This transaction represents the first acquisition for BANCOMAT and is part of the new Business Plan, which includes, among other things, the objective of strengthening the company's presence in open banking and expanding its portfolio of innovative digital payment technologies and tools.

The closing of the acquisition, subject to customary regulatory approvals, is expected to be completed around mid-2025.
BANCOMAT and FlowPay will collaborate to integrate their respective technologies and create new value-added services that can be offered to consumers and merchants, responding to the needs of a rapidly evolving market.

“The acquisition of FlowPay marks an important step in our digital growth strategy, allowing us both to accelerate technological development and to enter open banking. With this transaction, we are starting the creation of new account-to-account payment services and we are further strengthening our ability to innovate and offer new solutions to businesses and consumers,” comments Fabrizio Burlando, CEO of BANCOMAT. “This acquisition is the first of a series of actions that we are implementing to accelerate our presence in the innovative digital payments market, offering increasingly advanced, secure and integrated solutions.”

“The integration with BANCOMAT marks a decisive step for FlowPay,” says Federico Masi, CEO & Co-founder of FlowPay. “An opportunity to strengthen our role as innovators in the market, accelerating the development of new solutions in digital collection and payment systems for our partners.”

The acquisition of FlowPay represents a further advance in accelerating the development path initiated by BANCOMAT through new growth resources provided by FSI and the support of the main Italian banking groups, and follows numerous initiatives, including, for example, the simplification of governance, important entries in the management team, the launch of a new image and a new brand, the implementation of new payment services with mobile technologies and e-commerce, the launch of the new centralized technological infrastructure, the strengthening European interoperability through the European Payment Alliance, and important collaborations and partnerships to further affirm its role of reference for Italian citizens and merchants, in the world of culture (Fund for the Italian Environment), businesses (ConfCommercio Milano), Public Administration (PagoPA), sustainability (Food Bank) and sport (Serie A League).

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