BANCOMAT COMPLETES THE ACQUISITION OF FLOWPAY: TRANSACTION CLOSING FINALISED

BANCOMAT S.p.A., Italy’s leading payment services provider, has completed the closing of the acquisition of FlowPay, an Italian fintech company specialising in open banking and digital payment solutions. The integration of the two organisations opens up new technological scenarios, strengthening BANCOMAT’s ability to address the challenges of a rapidly evolving market with vision and execution, to the benefit of businesses, consumers and partners.

This strategic transaction, announced last February, has now also received final approval from the Bank of Italy. The acquisition forms part of BANCOMAT’s new Industrial Plan, defined in collaboration with FSI, with the aim of maintaining a strong and continuous presence in the open banking market. BANCOMAT’s objective is to accelerate the development of innovative technologies and digital solutions designed to meet the evolving needs of merchants, consumers and banks participating in the national scheme.

Thanks to the operational capabilities acquired through FlowPay, BANCOMAT will be able to activate high value-added services across both physical and digital channels, enabling participating banks to enhance collection and payment services for consumers and merchants, including cash withdrawals and payments abroad as well as in-app tokenisation.

There are numerous projects that the two companies will be able to pursue together, building a digital payments system that is increasingly efficient, secure and future-oriented. Within this new structure, FlowPay becomes the centre of technological and regulatory expertise, while BANCOMAT confirms its role as a strategic enabler, capable of transforming ideas into concrete solutions and bringing them effectively to institutional and market-level discussions.

Fabrizio Burlando, CEO of BANCOMAT S.p.A., commented:

“The entry of FlowPay into the BANCOMAT perimeter represents a crucial step in our evolutionary journey. This transaction allows us to acquire a strategic lever to address the ongoing transformation of digital payments with greater speed and expertise. It is an investment in the future of the Italian system and in our country’s ability to lead innovation through solid, open and reliable infrastructures.”

Federico Masi, CEO & Co-founder of FlowPay, also highlighted the significance of the transaction:

“We are extremely excited to embark on this new journey with BANCOMAT, which represents a major turning point for FlowPay. It is an opportunity to strengthen our market impact by creating new standards in digital collection and payment systems, to be placed at the service of our current partners and all those to come.”

Acceleration and expansion are the keywords that best describe this union: acceleration in the development of new use cases and the adoption of open banking technologies, and expansion of innovation opportunities for the entire payments ecosystem, from businesses to consumers.

The closing of the transaction confirms the shared vision of BANCOMAT and FlowPay for the evolution of the payments landscape in Italy and Europe, laying the foundations for new technological and commercial synergies.

‍