BANCOMAT and Nexi partner on centralized payment infrastructure

By Gloria Methri

BANCOMAT and Nexi have partnered to create a new centralized technological payment infrastructure that will allow BANCOMAT to autonomously manage and optimize the offer of innovative, high-value-added payment services.

The new payment infrastructure will allow banks and payment market operators to significantly reduce the lead time for developing new products and services.

BANCOMAT leads the debit card payments market in Italy, with approximately 2 billion payment and withdrawal transactions worth over 160 billion euros each year. It is owned by 122 Italian banks, which are part of over 400 that use its services.

The agreement will create a single BANCOMAT Application Center, through which the acquirers’ physical and virtual Points of Sale (POS) and ATMs will be able to communicate with the issuers’ authorization systems.

The long-term vision of BANCOMAT and Nexi will provide clients with a competitive offer based on international best practices as part of a wide-ranging service portfolio, including e-commerce. This would boost the ability to respond quickly to the changing needs of both the mass market and smaller market segments.

“The signing of this contract with Nexi is in continuity with the innovation path started four years ago and confirms the leadership role that BANCOMAT S.p.A. continues to have in the evolution of the digital payments sector,” said Alessandro Zollo, CEO and General Manager of BANCOMAT S.p.A. “The development of new cutting-edge technologies will benefit the entire economic-financial system and will position us at the epicentre of the digital revolution.”

“The agreement with BANCOMAT is a testament to our technological leadership, capable of responding to any market need and bringing scalable benefits to the entire payment system,” said Andrea Mencarini, Issuing Solutions Director of Nexi. “For Nexi, it represents another step forward in the digital transformation of payments, which is increasingly widespread in Italy and is now fundamental for the digitalization of the country’s wider economy.”