Italy's Treasury Sells Digital Payment Company, Raises Concerns
Update: 2025-12-19
Description
Italys Treasury sells PagoPA to state mint and Poste Italiane for up to €500M, marking a significant shift in digital public service payments. The deal, valued at €500M with variable components, gives the state mint a 51% controlling stake, while Poste Italiane owns 49%. This acquisition, crucial for Italys digital wallet IO app, has raised concerns among Italian banks about increased competition.
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