What LIS Holding does

LIS Holding S.p.A. is the operating entity behind PuntoLis, Italy's largest physical retail service aggregation network, providing a national infrastructure of terminals deployed across thousands of tobacconists, newsstands, and bars. The company's proprietary terminal technology enables real-time processing of mobile top-ups for 20+ Italian telecom operators, 40+ digital purchase codes (covering gaming platforms like Xbox, PlayStation, Steam, and Nintendo; streaming services including Netflix, Disney+, and DAZN; and ecommerce credit for Amazon, Zalando, and others), bill payments, transport tickets (Trenitalia, ATAC Roma, Unico Campania, ITABUS), prepaid card top-ups, bank transfers, pagoPA public administration payments, cardless withdrawals, and postal services including fiscal stamps and post office appointment booking.

The business model is B2B2C, where LIS Holding provides terminal technology and service aggregation to SMB retail agents who then serve end consumers, primarily in cash. Revenue is generated through transaction fees on services processed through the PuntoLis terminal network and through service fees negotiated with third-party service providers including telecoms, utilities, transport operators, and ecommerce platforms. A separate legal entity, LIS Pay S.p.A. (an Electronic Money Institution supervised by Banca d'Italia), handles the payment services layer and provides PSD2-compliant APIs to third-party providers. LIS Holding operates as a wholly-owned subsidiary of PostePay S.p.A., itself under the direction and coordination of Poste Italiane S.p.A., Italy's national postal and financial services group, which functions as both parent company and strategic anchor for the PuntoLis network's expansion into new verticals.

Name

LIS Holding

Legal name

LIS Holding S.p.A.

Website

https://www.puntolis.it/it

Company type

Private

Operating status

Operating

Headcount range

251–500 employees

Short description

LIS Holding S.p.A. operates PuntoLis, Italy's nationwide retail service network of thousands of tobacconists, newsstands, and bars equipped with proprietary terminal technology, enabling mobile top-ups, digital purchase codes, bill payments, transport tickets, and postal services for consumers and third-party providers.

Ownership category

akta.pro rank

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Infrastructure

Revenue model

1. Service Transaction Fees: LIS Holding generates revenue through transaction fees charged for services processed through its terminal network at PuntoLis locations. These include mobile phone top-ups, purchase codes for digital platforms (gaming, streaming, apps), and various utility payments.
2. Third-party Processing Services: The company provides processing services on behalf of third parties including postal services, transport tickets (Trenitalia, bus services), stamp duties (valori bollati), and toll collection (UnipolMove). Revenue is derived from service fees negotiated with these third-party partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

LIS Holding S.p.A. operates the PuntoLis retail service network across Italy, deploying proprietary terminal technology at thousands of tobacco shops, newsstands, and bars. The network processes mobile phone top-ups for all major Italian carriers, sells digital purchase codes for streaming, gaming, and e-commerce platforms, and handles utility bill payments, transport tickets, postal services, bank transfers, and cardless cash withdrawals on behalf of third-party providers and end consumers.

Product overview

LIS Holding S.p.A. operates PuntoLis, a nationwide retail service network spanning tobacco shops, newsstands, and bars equipped with proprietary LIS terminal technology. The offering is a platform-plus-modules architecture consisting of two core divisions: LIS Holding services (purchase codes for digital accounts and gaming/streaming subscriptions, mobile and fixed-line top-ups for all Italian carriers, international calling cards, digital TV recharges, postal and transport tickets, and toll services) and LIS Pay S.p.A. services (prepaid card top-ups, bill payments via MAV and postal slips, bank transfers, vehicle taxes, pagoPA public payments, cardless withdrawals, and cash payments for Amazon orders). The two product families share the same PuntoLis retail interface but are technically separate services under different legal entities.

Differentiator

Problem solved

Functional benefit

Products and services

• PuntoLis Retail Network

Named customers5 records

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration58 records

Feature1 record

Partnerships

13 partnerships are on record, tiered core and minor.

• Servizi in Rete 2001 SrlcoreTechnology or IntegrationServizi in Rete 2001 Srl provides services in tobacconists using LIS technology. This partnership enables the distribution of mobile top-ups and other digital services through tobacco shop retail locations, with Servizi in Rete providing the commercial relationship with tobacconists and LIS providing the underlying technology platform.
• TrenitaliacoreStrategic or Co-development PartnerPartnership for train ticket distribution. PuntoLis locations can sell tickets for regional trains and Freccia high-speed trains, including the ability to modify or refund tickets. This enables train travel accessibility through the convenience store network.
• Unico CampaniaminorStrategic or Co-development PartnerPartnership for public transport ticket sales in the Campania region of Italy. Allows purchase of single-ride and daily tickets for buses and public transport through LIS technology at authorized locations.
• ItabusminorStrategic or Co-development PartnerPartnership for inter-city bus ticket sales. Itabus operates a network of buses with 400 daily connections reaching 70 Italian municipalities. Tickets available at PuntoLis locations equipped with LIS technology.
• ATAC (Roma)minorStrategic or Co-development PartnerPartnership for Rome public transport ticket sales and card recharges. ATAC cards can be recharged at PuntoLis locations in Rome, including annual and monthly integrated subscriptions and 24/48/72 hour tickets.
• Servizi in Rete 2001 Srl (Click&Collect)minorChannel Partner/ Reseller/ DistributorClick&Collect service enables tobacconists equipped with LIS technology to serve as delivery points for online purchases. Consumers can select delivery to a nearby participating tobacconist and also use locations for returns.
• SkyminorChannel Partner/ Reseller/ DistributorSky Primafila pay-per-view recharges available at PuntoLis locations. Customers can purchase recharges in €15, €25, and €50 denominations to access Sky events without direct billing.
• LinkemminorChannel Partner/ Reseller/ DistributorLinkem 5G wireless broadband recharges available at PuntoLis. Linkem is a leading Italian wireless broadband operator offering unlimited internet without fixed line requirement.
• Irideos OrchestraminorChannel Partner/ Reseller/ DistributorIrideos Orchestra phone number recharges available at PuntoLis. Irideos offers competitive-rate phone numbers usable across fixed phone, smartphone, and PC with a single number.
• TIMcoreChannel Partner/ Reseller/ DistributorTIM SIM card activation and new line registration available at tobacconists via LIS technology. Partnership enables TIM to reach customers through tobacco shop network with no activation fees for new lines or number portability.
• Lyca MobileminorChannel Partner/ Reseller/ DistributoreSIM activation PINs for Lyca Mobile available at PuntoLis. Lyca Mobile offers international connectivity in 57+ countries with competitive rates for travelers.
• Manet Mobile Solutions SrlminorChannel Partner/ Reseller/ DistributorManet eSIM travel SIM cards available at PuntoLis. Manet offers connectivity in 190+ countries for travelers with competitive roaming rates, sold in fixed (€10-25) and variable (€5-150) denominations.
• UnipolMoveminorChannel Partner/ Reseller/ DistributorUnipolMove telepass/toll service activation and management available at PuntoLis. Enables customers to activate and manage highway toll payments through the retail network.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Worldline: European payment services giant offering merchant acquiring, payment processing, and digital services across multiple verticals. Operates broadly in the same payment services space as LIS Pay but at much larger scale and as a B2B-focused incumbent rather than retail-anchored aggregator.
• Nexi: Italy's leading payment services and acquiring incumbent, processing card payments, digital payments, and ATM services at national scale. Nexi competes with LIS Pay at the broader payment infrastructure layer and serves many of the same merchants and consumers through different rails.
• epay (Euronet Worldwide): Global prepaid product and digital content distribution network that distributes gift cards, mobile top-ups, and digital media through retail points. Operates at broader scale and in more geographies than LIS, but shares the same retail-aggregator business model and target service verticals.

Others

• PostePay: PostePay is LIS Holding's sole shareholder and direct sister entity, providing the prepaid card and digital payment products that LIS's network distributes. While not a peer in the traditional sense, PostePay is the most strategically connected entity and serves overlapping consumer payment use cases.
• Sisal: Italian gaming and payment services company (now under Flutter) historically operating through the Italian tobacconist network. While Sisal's gaming focus differs from LIS, its retail service aggregation model through tabaccherie overlaps with PuntoLis's distribution strategy.
• IGT Lottery (Lottomatica): International Game Technology operates Lottomatica, Italy's largest lottery operator, distributing lottery products through the tobacconist network. The retail distribution model via tabaccherie is directly comparable to PuntoLis, though the product vertical (lottery vs multi-service) differs.

Regional players

• Payzone: European retail payment network operating across Ireland, UK, Greece, and Romania, offering top-ups, bill payments, and mobile services through convenience stores. Comparable in service mix and retail channel strategy to PuntoLis, but focused on different national markets.

Direct peers

• PayPoint plc: UK-listed company operating the most directly comparable business model: a national network of convenience retail points offering top-ups, bill payments, parcels, and digital services through proprietary terminals. PayPoint serves as the closest international analog to PuntoLis in terms of business model, retail channel, and service mix.
• Mooney: Italian retail payment network formed from the merger of SisalPay and Banca5 (Intesa Sanpaolo). Mooney operates a PuntoLis-equivalent service network in Italy offering top-ups, bill payments, money transfers, and pagoPA through tobacconists and convenience retail - the most direct domestic competitor.

Emerging players

• Satispay: Italian mobile-native payment network that competes indirectly with PuntoLis by offering consumers a digital alternative for top-ups, bill payments, and P2P transfers. While Satispay bypasses physical retail, it directly targets the same Italian consumer payment use cases that PuntoLis serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about LIS Holding