YOUNG PLATFORM ENABLES PAYMENTS WITH BANCOMAT PAY

Young Platform announces the integration of Bancomat Pay among the charging methods available on its platform. It is now possible to recharge your Young Platform account directly with Bancomat Pay, in a few seconds, without connecting a card or entering the IBAN.

The entry of Young Platform as a Bancomat Pay merchant is part of a process of expanding the acceptance of the Bancomat Pay payment method to new product categories, in line with the strategy of innovation and enrichment of the digital offer promoted by Bancomat.

Young Platform is an Italian fintech, certified operator in the field of digital asset services, which has built its positioning in the Italian market through financial education, with particular attention to services aimed at a new generation of investors, while also supporting dedicated solutions for companies and institutions. The choice to collaborate with Young Platform therefore reflects Bancomat's responsible approach in the world of digital services.

As recently recalled by the Governor of the Bank of Italy Fabio Panetta, on the occasion of the ABI Meeting on 11 July, new technologies — including those applied to finance — must be transparent, supervised and built to strengthen trust in the system. It is in this direction that Bancomat moves, choosing to operate exclusively with reliable and fully compliant operators.

“Thanks to this partnership, millions of customers who use Bancomat Pay will be able to access the world of digital assets with a single click and take part in the digital revolution in a simple, secure way that complies with Italian standards.” - says Andrea Ferrero, Co-CEO and Co-Founder of Young Platform - “We are proud to collaborate with one of the pillars of traditional Italian finance: the fact that such a deep-rooted institution chooses to open up to innovation shows that traditional and decentralized finance can not only coexist, but be strengthened each other. It is on this convergence that we build the future of Young Platform every day.”

Thanks to this collaboration, the more than 2.5 million Young Platform customers present throughout the country can now recharge their balance directly through Bancomat Pay, the digital payment system that allows transactions through the telephone number and the apps of the main Italian banks that support the Bancomat circuit.

“The expansion of acceptance to new product categories is a strategic lever for the innovation of our product and for encouraging an increasingly wide and consistent diffusion of Bancomat Pay.” — says Matteo Valenti, Chief Product & Operations Officer of Bancomat.

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