With PayTipper, purchases will be even easier

Enel X has acquired 55% of PayTipper and will gain access to a network of approximately 5,000 shops throughout Italy. This will offer consumers easy access to payment services.

Published on 26 November 2019

Easy access to payment services through the agreement with PayTipper

Enel X is further expanding its potential in terms of financial sector services. The recently signed agreement with PayTipper, which is subject to the Bank of Italy’s approval, concerns the acquisition of 55% of PayTipper’s share capital by the Group's innovative business line. In this way Enel X will join PayTipper’s payment ecosystem, which has an agreement with a widespread network of sales outlets and guarantees its customers easy-to-use financial services.

“This agreement represents a further step forward in our growth strategy in the payment services market,” said Francesco Venturini, head of Enel X, “and gives us a widespread presence throughout Italy with access to PayTipper’s network of shops.” Venturini explained how this agreement is linked to the goal of “offering people a complete range of financial solutions, ranging from digital payment to the possibility of choosing the points of sale closest to their homes.”

With this operation, Enel X will be present in around 5,000 shops throughout Italy, of which around 3,000 are direct and 2,000 are partner shops. It will offer a payment service different from the one already provided by Enel X Financial Services via its digital platform. PayTipper, on the other hand, will be able to expand its range of services for citizens and businesses considerably, thanks to Enel X’s innovative approach.

The expertise and know-how in the field of payment services, which PayTipper has built up in recent years and which are recognised by the market, will contribute to making Enel X a key player in this sector.

Angelo Grampa

CEO of PayTipper

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