Enel insists on its strategy of development and provision of services in the financial sector and enters the capital of PayTripper, an Italian fintech affiliated with a widespread network of points of sale, which offers its customers financial services that facilitate people's daily lives. The participation, which will obviously have to obtain the green light from the Bank of Italy, is equal to 55% of the capital of PayTipper.
“This agreement – he declared Francesco Venturini, head of Enel X – represents a further step forward in the growth strategy in the payment services market. Our goal is to offer people a complete range of financial solutions ranging from digital payment to the possibility of choosing the points of sale closest to their home".
“The entry of Enel X into the shareholding structure of our company – he added Angelo Grampa, CEO of PayTipper – opens up new growth scenarios for PayTipper that will allow us to expand the range of services we offer to citizens and businesses, in innovative and exclusive ways”.
Enel X, with the purchase of the majority stake in PayTipper, will be able to access a network of points of sale made up of around 5 stores distributed nationwide (of which around 3 direct and 2 partner points), offering a payment service complementary to that offered by Enel X Financial Services through its digital platform. The goal is to also reach private individuals who continue to carry out transactions at authorized establishments and who account overall for more than 60% of payments in Italy.
The acquisition by Enel X of the controlling interest equal to 55% of the capital of Paytipper is subject to authorization from the Bank of Italy, pursuant to the law.
