BANCOMAT SpA, Italy’s leading payment services provider, has taken a major step toward digital transformation with the acquisition of a controlling stake in FlowPay, a fintech specializing in open banking and digital payments. This landmark deal, part of BANCOMAT’s new business strategy, reinforces its commitment to innovation and expanding its footprint in the evolving financial ecosystem. The transaction is expected to close by mid-2025, pending regulatory approvals.
With this acquisition, BANCOMAT aims to integrate FlowPay’s cutting-edge technology into its existing payment infrastructure. The collaboration will drive the development of advanced account-to-account payment solutions, benefiting both consumers and merchants by making transactions faster, safer, and more efficient.
“The acquisition of FlowPay marks a major milestone in our digital growth journey,” said Fabrizio Burlando, CEO of BANCOMAT. “This move allows us to fast-track innovation, enter open banking, and enhance our ability to deliver next-generation payment solutions. It’s the first of many strategic steps we’re taking to redefine digital payments in Italy and beyond.”
Federico Masi, CEO & Co-founder of FlowPay, also emphasized the strategic significance of the partnership: “Joining forces with BANCOMAT is a game-changer for FlowPay. It accelerates our mission to develop new digital payment and collection solutions while strengthening our role as innovators in the fintech space.”
This acquisition is part of BANCOMAT’s broader digital transformation strategy, backed by FSI and leading Italian banking groups. The company is actively investing in technology, infrastructure, and strategic partnerships to solidify its role as a key player in Italy’s digital financial ecosystem. Recent initiatives include:
- Expanding European interoperability through the European Payment Alliance
- Developing mobile and e-commerce payment solutions to meet modern consumer demands
- Launching a centralized digital payments infrastructure for enhanced efficiency
- Forming strategic partnerships with key sectors, including culture (Fondo per l’Ambiente Italiano), business (Confcommercio Milano), public administration (PagoPA), sustainability (Banco Alimentare), and sports (Lega Serie A)
With this acquisition, BANCOMAT is setting the stage for a more connected, secure, and innovative financial future, strengthening Italy’s position in the global fintech revolution.
