BANCOMAT and Nexi partner on a new centralized payment infrastructure

BANCOMAT and Nexi have signed a contract for the creation of a new centralised technological infrastructure that will allow BANCOMAT to autonomously manage and optimise the offer of innovative and high value-added payment services.

BANCOMAT new centralized payment infrastructure

BANCOMAT leads the debit card payments market in Italy, with approximately 2 billion payment and withdrawal transactions, worth over €160 billion each year, with approximately 34 million cards in circulation.

It is owned by 122 Italian banks; part of over 400 that use its services.

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

This will ensure that BANCOMAT retains direct control over the value chain, as well as innovation and regulatory adjustments.

The long-term vision of BANCOMAT and Nexi will be to provide clients with a competitive offer based on international best practice as part of a wide-ranging service portfolio, including e-commerce.

The agreement is a fundamental step for BANCOMAT as it aims to increase the innovation of its services for the benefit of credit institutions and the market as a whole.

“The signing of this contract with Nexi is in continuity with the innovation path started four years ago and confirms the leadership role that we continue to have in the evolution of the digital payments sector,” says 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 post BANCOMAT and Nexi partner on a new centralized payment infrastructure appeared first on Payments Cards & Mobile.