One of Italian leading provider of digital payment services
Acquired 100% of Business Operations
'Cassa di Risparmio di Asti S.p.A. merchant acquiring business
Merchant acquiring business, which counts over 9,000 merchants for a total of approx. 11,000 POS
Advised on Sale of Company
Advised Banca di Asti on strategic agreement with BCC in the merchant acquiring sector
Cassa di Risparmio di Asti S.p.A. ("Banca di Asti"), BCC Pay S.p.A. ("BCC Pay") and Pay Holding S.p.A. ("Pay Holding") signed an agreement for the transfer of Banca di Asti's merchant acquiring business to BCC Pay. At the same time a long-term commercial agreement will be signed between Banca di Asti and BCC Pay for the promotion and placement of BCC Pay's merchant acquiring products.
The transaction is aimed at the development, with a digital/fintech innovation perspective, of the services offered to the Bank's clients in the acquiring business which today includes more than 9,000 merchants, a total of about 11,000 POS (point of sales) and in 2022 generated transactions for a volume of about one billion Euro.
Vitale (IMAP Italy) acted as financial advisor to Banca di Asti.
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