- Italy’s Treasury has chosen KPMG to value digital payment platform PagoPA
- PagoPA is being sold to state mint and postal service Poste Italiane
- Banks in Italy are concerned about the sale, fearing Poste could strengthen its position in the digital payments market
- Poste will become a minority shareholder in PagoPA
- PagoPA handled 46.66 billion euros in payments to Italy’s public administration this year
- PagoPA will play a role in setting up IT Wallet, a digital wallet for Italians
- Government project prevents Poste from having dominant influence over PagoPA
Source: channelnewsasia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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