Nexi evaluates the sale of the interbank network. Banco Bpm, Fsi and Iccrea join forces in payments – Corriere.it
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Via the risk in payments. Yesterday Banco Bpm, Fsi and Iccrea launched the second Italian e-money operator and in the meantime, according to Corriere, Nexi is evaluating the sale of the interbank network (Rni). The transaction would be part of Nexi’s plan to 2025 which contemplates the sale of some assets not strictly related to digital transactions. The intention would have prompted some investment funds to come forward for the RNI. An interest that the company led by Paolo Bertoluzzo is seriously considering.
What is the interbank network
The device and information flows of Italian institutions, post offices and other financial players run along the national interbank network, thus regulating the debit and credit relationships generated by users’ transactions. Developed by Sia, now part of Nexi, the infrastructure is approximately 208,000 km long and connects to the Bank of Italy, the central risk office and the card fraud prevention system. For the counterparties involved and the information managed, the Rni is an activity of national interest.
The interest of F2i
It is therefore not surprising that F2i is one of the funds interested in acquiring it. The manager knows Rni well as he was a shareholder of its builder, Sia, from 2014 to 2019. His shareholder register also includes Cdp Equity, Intesa, UniCredit, banking foundations, a team that could ensure the Italian presence of a strategic network . If the deal goes through, Nexi could collect a significant sum, freeing up resources for investments, dividends, buybacks, debt relief and acquisitions.
The challenge of Bpm-Fsi
Competition in the Italian payments sector is becoming more intense. Yesterday, in fact, a new operator was born. For a consideration of up to 600 million, Bpm has contributed its e-money business to a joint venture whose shareholders will be the Fsi fund (43%), Banco itself (28.6%) and Iccrea (28.6 %). The company – which will change its name from the current Bcc Pay – will have a market share of more than 10%, with 9 million cards, 400 thousand Pos and 110 billion in transactions. The plan of the three partners is to develop an innovative platform for digital payments and to involve other national banks in the project.
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