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.