Italy’s Treasury agrees to sell digital payments unit PagoPA to Poste Italiane

Italy’s Treasury has finalised an statement for the merchantability of integer outgo unit, PagoPA, to the authorities mint and postal relation Poste Italiane for up to €500m ($586m).

To code objections from some banks and Italy’s antitrust authority, the statement allocates 51% of PagoPA to the authorities mint, with the remaining 49% going to Poste Italiane.

According to Reuters, the valuation comprises adaptable components and aboriginal payments, though the mint did not supply further specifics.

Earlier this year, PagoPA encountered disagreements implicit its valuation successful the planned merchantability to Poste Italiane.

In caller months, Italian banks person expressed concerns that the merchantability could intensify contention successful the integer payments sector, peculiarly for smaller lenders.

Sources antecedently informed Reuters that banks had expressed worries to the Treasury that Poste Italiane could leverage PagoPA to further fortify its presumption successful the integer payments sector, wherever it already holds a notable presence, perchance expanding contention with banks.

Banks successful Italy are said to beryllium facing expanding contention successful payments from planetary exertion companies specified arsenic PayPal, Apple, and Google’s Alphabet, Reuters noted.

Poste Italiane has diversified its operations, moving beyond postal services into payments, vigor supply, mobile services, insurance, and concern products.

The institution operates 12,800 station offices and employs astir 119,000 staff, with full fiscal assets of €601bn.

Poste Italiane delivers financial, payments, logistics, insurance, telecommunications, utilities, and integer services to households, businesses, and nationalist administrations crossed Italy.

PagoPA processed €97bn successful payments to Italy’s nationalist medication successful 2025. It is anticipated to play a cardinal relation successful the government’s integer wallet inaugural via the IO mobile app, which enables Italians to store authoritative documents and marque payments to nationalist entities.

PagoPA is said to run exertion platforms that underpin Italy’s nationalist medication integer transformation, providing precocious solutions that link citizens, backstage enterprises, and the nationalist sector.

"Italy’s Treasury agrees to merchantability integer payments portion PagoPA to Poste Italiane" was primitively created and published by Electronic Payments International, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.