Published: April 19, 2023 at 2:26 am ET
By Mauro Orru
Banco BPM SpA is looking for a partner to sign a long-term exclusive distribution agreement for the credit-card distribution and processing of payments for the merchant acquiring business.
The Italian bank said late Tuesday that it has received non-binding expressions of interest from leading market players as it hopes to identify a partner…
By Mauro Orru
Banco BPM SpA is looking for a partner to sign a long-term exclusive distribution agreement for the credit-card distribution and processing of payments for the merchant acquiring business.
The Italian bank said late Tuesday that it has received non-binding expressions of interest from leading market players as it hopes to identify a partner in the first half of the year.
Banco BPM says that its payment business has a total potential value of more than 2 billion euros ($2.19 billion) in net present value, taking into account the components of the first and those related to the present value of running fees.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94