BANCOMAT

What BANCOMAT does

BANCOMAT S.p.A. operates Italy's dominant domestic interbank payment network, providing the infrastructure through which Italian banks issue PagoBANCOMAT debit and prepaid cards and through which merchants acquire card-present and digital payments. Founded in 1983 and headquartered in Rome with offices in Milan, the company serves three core customer segments: individual consumers (cardholders using contactless payments, P2P transfers via BANCOMAT Pay, transit payments in Campania, retail cash withdrawal at 250+ Eni Live Stations via Paga & Preleva, and the BANCOMAT Club loyalty program); merchants and e-commerce businesses (POS acceptance, online payment gateway services, fraud prevention); and banks, payment institutions, and corporates (issuer and acquirer services, commercial cards, the BANCOMAT Insight B2B analytics portal, and Open Banking infrastructure via the FlowPay acquisition).

The company's technology stack combines NFC-based contactless payment processing, centralized transaction routing and settlement infrastructure, a proprietary mobile app supporting P2P transfers and pagoPA public administration payments, and tokenization integrations with Apple Pay, Google Pay, Samsung Wallet, and Huawei Pay. BANCOMAT holds a registered Italian national patent on its payment technology, ISO 9001 quality certification, GDPR-compliant data handling, and card security certification from the Polytechnic University of Turin. Recent strategic initiatives include the planned EUR-Bank multi-bank euro stablecoin (targeting late 2026), cross-border instant payments through the EuroPA Alliance (Italy, Spain, Portugal, Andorra), and a Visa partnership to extend wallet operability internationally.

BANCOMAT generates revenue primarily through interchange and processing fees on transactions routed through its network, fees for issuer and acquirer certification and infrastructure services, and—on a forward-looking basis—fees from new digital payment products, Open Banking services via FlowPay, and eventually stablecoin and digital asset services. Following a €100 million investment by FSI II in June 2024 (making it the largest shareholder at 42.9%), the company is executing an offensive expansion strategy under CEO Fabrizio Burlando, targeting pan-European payment sovereignty and digital asset infrastructure.

Name

BANCOMAT

Legal name

BANCOMAT S.p.A.

Website

https://bancomat.it

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

51–100 employees

Short description

BANCOMAT is Italy's dominant interbank payment network, operating the PagoBANCOMAT card circuit and providing issuing, acquiring, and processing infrastructure to Italian banks, merchants, and consumers nationwide.

Ownership category

akta.pro rank

Product category

Payment Network Services

NAICS

Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099), Finance Services (6199)

akta.pro primary industry

ATM / Cash Access Network Schemes (FSAMAAAH)

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), Cross-Border FX, Multi-Currency & Treasury for Payments (FSAGABAK), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), BaaS Platforms & Sponsor Bank Enablement (FSAGALAA)

Keywords

• Payment network services
• Card processing infrastructure
• Contactless payment technology
• Open banking solutions
• Digital payment platforms

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Card Transaction Fees: BANCOMAT earns interchange and processing fees from transactions made with BANCOMAT-branded cards at merchants and ATMs across its acceptance network. The volume of digital payments in Italy reached €518 billion in 2025, providing a substantial transaction fee base.
2. Issuer Services: BANCOMAT provides card issuance services and infrastructure to banks and payment institutions (issuers) that issue BANCOMAT-branded cards, generating fees for network access, certification, and processing services.
3. Acquirer Services: BANCOMAT provides acquiring services to merchants and payment service providers, enabling acceptance of BANCOMAT cards at POS terminals, with fees charged per transaction processed.
4. Digital Payment & Open Banking Services: Revenue generated from new digital payment products and Open Banking services following the acquisition of FlowPay, expanding into adjacent fintech services including API-based payment solutions.
5. Stablecoin & Digital Asset Services: Future revenue potential from EUR-Bank stablecoin issuance and digital asset services. The stablecoin will be distributed by banks and supported by Bancomat infrastructure, targeting cross-border payments and tokenized assets.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels8 records

Core offering

BANCOMAT operates Italy's primary interbank payment network, providing card payment processing infrastructure for the PagoBANCOMAT brand, the BANCOMAT Pay mobile P2P and digital wallet platform, and centralized transaction processing services for member banks. The company issues network certification, processing, and acquiring services to financial institutions, and offers consumer-facing services including contactless cards, the BANCOMAT app, loyalty programme, cash withdrawal at retail (Paga & Preleva), and transit payments (Viaggia con BANCOMAT).

Product overview

BANCOMAT operates as Italy's primary payment network offering a unified platform with multiple interconnected services. The core offering centers on the BANCOMAT payment circuit including PagoBANCOMAT contactless cards accepted nationwide, supported by the App BANCOMAT mobile application that provides access to BANCOMAT Pay (P2P transfers and mobile payments), document storage, and loyalty features through BANCOMAT Club. Add-on services include Paga & Preleva (cash withdrawal at stores), Viaggia con BANCOMAT (public transport payments), and Carta Commercial (corporate cards). Digital wallet integrations with Apple Pay, Samsung Wallet, Google Pay, and Huawei Pay extend mobile payment capabilities, while B2B services for issuers and acquirers, plus e-commerce and store payment solutions, complete the ecosystem. The company also provides fraud prevention services and access to the pagoPA public payment system.

Differentiator

Problem solved

Functional benefit

Brands

• BANCOMAT Pay: Digital payment service enabling money transfers, online payments, and in-store payments via smartphone.
• BANCOMAT Club
• BANCOMAT App

Products and services

• App BANCOMAT Mobile application enabling users to access BANCOMAT Pay for P2P money transfers, online and in-store smartphone payments, document storage, loyalty card management, and various payment services.
• BANCOMAT Pay Digital P2P payment service enabling users to exchange money with contacts, pay online and in-store via smartphone, with multi-IBAN management support and request-for-money functionality. Integrated into the BANCOMAT app and partner bank apps.
• BANCOMAT Club Loyalty programme offering rewards, instant-win contests (Gioca e Vinci), flash competitions with exclusive prizes, birthday bonuses, and special discounts from BANCOMAT Partners via voucher system.
• PagoBANCOMAT Contactless Card Contactless debit card enabling payments by tapping at POS terminals without PIN entry for amounts within defined limits, accepted at all merchants displaying the BANCOMAT brand with enabled terminals.
• Paga & Preleva (Pay & Withdraw) Service allowing cash withdrawal at store checkout during purchase transactions, available at over 250 Eni Live Station locations nationwide, with a maximum withdrawal limit of €100 per transaction.
• Viaggia con BANCOMAT (Travel with BANCOMAT) Public transport payment service in Campania enabling direct card access to ANM and EAV rail networks without ticket purchase, with maximum transaction limit of €25 per transaction.
• Carta Commercial BANCOMAT (Commercial Card) Corporate debit card with corporate billing regulation, charging employee payment and withdrawal expenses to company IBAN, with product type specified on card front.
• E-commerce Payment Services Payment solutions for online merchants including secure transaction processing and integration support for digital commerce platforms.
• Store Payment Services Payment acceptance solutions for physical retail including contactless POS integration, smart payment options, and seamless checkout experiences.
• Fraud Prevention Services Anti-fraud services and monitoring systems protecting card transactions, with dedicated contact channel for law enforcement and security investigations.
• Issuing Services Services for banks and financial institutions to issue BANCOMAT cards, including card production, activation, and management infrastructure.
• Acquiring Services Services enabling merchants and acquirers to accept BANCOMAT payments through POS terminals and payment processing infrastructure.
• Discover/DFS-MIF Payment network brand for international card transactions, providing additional acceptance network for BANCOMAT cards globally.
• BANCOMAT Insight Platform B2B portal for member banks and financial institutions providing access to transaction data, trouble ticketing systems, certifications, and operational management tools.
• EUR-Bank Stablecoin Euro-denominated multi-bank stablecoin designed for cross-border payments, liquidity management, and tokenized assets, targeting late 2026 launch.
• EuroPA Cross-Border Instant Payments Cross-border instant payment capability between Italy (Bancomat), Portugal (SIBS), Spain (Bizum), and Andorra through the EuroPA platform, enabling real-time money transfers across national borders.

Quantifiable outcome

• Italy's digital payment sector reached €518 billion in 2025, a new record, with BNPL growing 45% to €9.9 billion.
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature8 records

Partnerships

17 partnerships are on record, tiered core, minor and flagship.

• European Payment Initiative (EPI) / WerocoreStrategic or Co-development Partner · 2 February 2026Bancomat signed a Memorandum of Understanding with Bizum, EPI, SIBS, and Vipps MobilePay to accelerate the deployment of sovereign, pan-European payment solutions. This builds on the EuroPA Alliance and aims to create a domestic alternative to Visa and Mastercard, connecting ~130 million users across 13 countries through the Wero digital wallet.
• BLIKminorStrategic or Co-development Partner · 11 December 2025BLIK formed a partnership with European payment systems including Bancomat. BLIK completed a pilot euro transfer from Spain's Bizum to a Polish bank account using phone number identification, demonstrating interoperability between European mobile payment systems within the broader European payment integration initiative.
• VisacoreTechnology or Integration · 1 December 2025BANCOMAT is piloting a project with Visa to extend its digital wallet's operability through Visa's acceptance network. The initiative aims to enhance Italy's digital payment infrastructure and expand to international merchants, with a testing phase starting in H1 2026. Visa is also enabling the launch of new digital wallets in Europe and is collaborating with BANCOMAT on NFC-based mobile payments.
• EuroPA Alliance (Bancomat, Bizum, SIBS)coreStrategic or Co-development Partner · 2 April 2025Bancomat, Bizum (Spain), and SIBS (Portugal) launched cross-border instant payment capabilities across Europe through the EuroPA platform. The initiative enables users in Italy, Portugal, Spain, and Andorra to send and receive money instantly, with full implementation expected by June 2025. This partnership forms a Southern European Payment Systems Group.
• FlowPaycoreStrategic or Co-development Partner · 27 February 2025BANCOMAT acquired a controlling stake in FlowPay to enhance its position in digital payments and Open Banking sectors. The transaction is part of BANCOMAT's strategy to expand digital payment technologies and innovate within the industry. The acquisition was completed (closing finalized) as announced in 2025.
• Banco BPMcoreStrategic or Co-development Partner · 14 June 2024As part of the FSI €100 million investment deal, Bancomat acquired the monetica (card payments) business of Banco BPM, with the transaction approved by the Italian Antitrust authority. This acquisition strengthens Bancomat's infrastructure and market position in card payment services.
• Apple PaycoreTechnology or IntegrationBANCOMAT cards are registered and usable through Apple Pay, enabling iPhone and Apple Watch users to make NFC contactless payments at any compatible POS. Banks offering BANCOMAT on Apple Pay include Intesa Sanpaolo, Isybank, Fideuram, and Intesa Sanpaolo Private Banking. Apple Pay is free for consumers.
• Google PaycoreTechnology or IntegrationBANCOMAT cards are registered and usable through Google Pay on Android devices and Wear OS smartwatches, enabling NFC contactless payments. Supported banks include Intesa Sanpaolo, Isybank, Fideuram, and Intesa Sanpaolo Private Banking. Google Pay is free for consumers.
• Samsung WalletcoreTechnology or IntegrationBANCOMAT cards are registered and usable through Samsung Wallet, enabling NFC payments on Samsung devices with fingerprint, iris, or PIN authentication. Samsung Wallet is free; activation takes up to 10 minutes.
• Huawei PaycoreTechnology or IntegrationBANCOMAT cards can be registered through Huawei Pay on Huawei devices, with card registration available directly from the Huawei Pay app or partner bank mobile apps. Huawei Pay is free for consumers.
• Eni Live StationminorChannel Partner/ Reseller/ DistributorOver 250 Eni Live Station locations participate in the Paga & Preleva (Pay & Withdraw) service, allowing BANCOMAT cardholders to withdraw up to €100 cash at the point-of-sale when making a purchase, without needing an ATM.
• Lega Serie AflagshipGTM or Marketing PartnerBANCOMAT is the Official Partner of Lega Serie A for the 2024/2025 and 2025/2026 seasons, covering Serie A Enilive, Coppa Italia Frecciarossa, and EA SPORTS FC Supercup. This high-profile sports sponsorship reinforces brand positioning with millions of Italian football fans.
• FAI (Fondo per l'Ambiente Italiano)minorGTM or Marketing PartnerBANCOMAT partners with FAI to support the care and maintenance of Villa and Collezione Panza in Varese. This cultural sponsorship is part of BANCOMAT's community engagement strategy, supporting Italian heritage and cultural preservation.
• Vivo ConcertiminorGTM or Marketing PartnerBANCOMAT partnered with Vivo Concerti, Italy's leading live music promoter and producer. The partnership offers BANCOMAT customers exclusive pre-sales, experiences, and benefits for live music events across Italy.
• Sport e Salute S.p.A.minorGTM or Marketing PartnerBANCOMAT is an Official Partner of Sport e Salute, Italy's organization for promoting sport and healthy lifestyles. The partnership includes the Illumina urban regeneration project creating sports spaces in Italian cities, and sponsorship of World Skateboarding Tour World Cup Rome 2026.
• Premio MagisminorGTM or Marketing PartnerBANCOMAT is the main sponsor of the Premio Magis, an Italian literary award promoted by Fondazione 153 with support from Fondazione Silvano Toti. The award allocates €250,000 to humanitarian organizations including Banco Alimentare, Busajo, Caritas, Progetto Rwanda, and Save the Children.
• Leghe FantacalciominorGTM or Marketing PartnerBANCOMAT entered into a jersey sponsorship with Leghe Fantacalcio, engaging Italy's massive fantasy football community as a brand activation channel.

Scale indicators8 records

Recent moves8 records

Expansion highlights7 records

Market position

Competitive moat5 records

Key highlights6 records

Customer concentration

• Xx.com/BancomatSpA
• YouTubeyoutube.com/channel/UCjp8dxHXZJgenKSjRhip0wg
• Facebookfacebook.com/bancomat.spa.official
• LinkedInit.linkedin.com/company/bancomatofficial
• Instagraminstagram.com/bancomat_official
• TikToktiktok.com/@bancomat.official

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BANCOMAT