Italy's Treasury Sells Digital Payment Company, Raises Concerns
Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Luni
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Italys Treasury sells PagoPA to state mint and Poste Italiane for up to €500M, marking a significant shift in digital public service payments. The deal, valued at €500M with variable components, gives the state mint a 51% controlling stake, while Poste Italiane owns 49%. This acquisition, crucial for Italys digital wallet IO app, has raised concerns among Italian banks about increased competition.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
