The strategic partnership between FSI, Banco BPM, and Gruppo Iccrea has established Numia as the second-largest player in Italy's digital payments sector.

Target Information

Numia, a key player in the Italian e-money sector, has recently undergone a significant transformation through a strategic partnership involving FSI, Banco BPM, and Gruppo Iccrea. This partnership was finalized on September 30, 2024, and it establishes Numia as the second-largest entity in the digital payments landscape in Italy. With a capital structure reflecting 42.86% ownership by FSI and 28.57% by each of Banco BPM and BCC Banca Iccrea, Numia is well-positioned to expand and innovate in this competitive market.

The collaboration gives Numia access to a vast network representing approximately 20% of all bank branches in Italy. This includes over 1,300 retail locations from Banco BPM, about 2,500 branches from the 114 BCCs forming the Iccrea Group, as well as an extensive distribution channel from additional Numia clients, bolstering its operational reach across the country.

Industry Overview

The digital payments sector in Italy has experienced robust growth, driven by an increasing consumer preference for cashless transactions and innovations in payment technology. As Italian con