Discover and BANCOMAT Establish Partnership to Increase Acceptance in Italy
14 Junho 2022 - 8:00AM
Business Wire
BANCOMAT S.p.A and Discover signed a strategic agreement that
increases acceptance for Discover, Diners Club International and
network alliance cardholders, all part of the Discover Global
Network. This new partnership will give cardholders the ability to
use their cards and mobile payment products on the BANCOMAT network
throughout Italy.
Italy is a top business and tourism destination, ranking 2nd for
travellers in Europe1. Tourism from abroad is expected to grow 49%
by 2025 with an influx of travellers from countries where cards are
issued that run on the Discover Global Network including the US,
Brazil, India, Austria, Switzerland, Croatia and more1. This
agreement enhances the Discover Global Network strategy to grow the
number of payment options available to its issuing partners and
provides more choice to consumers on how they want to pay.
“This strategic partnership with Discover Global Network
reinforces BANCOMAT’s continuous efforts to offer multiple payment
options,” said Alessandro Zollo Chief Executive Officer at
BANCOMAT. “We believe that this new alliance will grant visitors a
compelling payments acceptance experience in our country, while
introducing new options and increasing the choices for our banks.
This strategic partnership focuses on acquiring to allow all
Discover Global Network cards to be accepted at merchants through
the BANCOMAT network and in the future we will work towards new
business opportunities with Discover.”
“Our global payments network is built on the power of
partnerships,” said Matt Sloan, vice president of international
markets at Discover. “BANCOMAT provides access to 100% of the
merchants in Italy through their extensive relationships with
acquirers. The agreement will benefit both merchants by connecting
them with Discover Global Network cardholders and those cardholders
that regularly spend in Italy.”
Discover Global Network has more than 280 million cardholders
worldwide2 and processes billions of transactions in more than 200
countries and territories. With more than 60 million merchant
acceptance locations and 1.8 million ATM and cash access locations,
Discover Global Network includes Discover Network, Diners Club
International, PULSE and more than 25 alliance partner networks
across the globe.
About BANCOMAT S.p.A
BANCOMAT S.p.A for almost 40 years, manages the most widespread
and well-known cash withdrawal and payment schemes in Italy,
identified by the BANCOMAT®, PagoBANCOMAT® and BANCOMAT Pay®
brands. It is one of the main and most important players in the
debit card payments market in Italy, with approximately 2.5 billion
payment and withdrawal transactions worth over 210 billion euros
annually and has approximately 34 million cards in circulation.
BANCOMAT is owned by 109 banks and more than 400 banks are using
their services.
About Discover
Discover Financial Services (NYSE: DFS) is a digital banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company issues the Discover® card, America's cash rewards
pioneer, and offers private student loans, personal loans, home
loans, checking and savings accounts and certificates of deposit
through its banking business. It operates the Discover Global
Network® comprised of Discover Network, with millions of merchant
and cash access locations; PULSE®, one of the nation's leading
ATM/debit networks; and Diners Club International®, a global
payments network with acceptance around the world. For more
information, visit www.discover.com/company.
1 Euromonitor, Inbound Tourism Flows in Italy, September 2021 2
Discover Global Network participation and RBR Global Payment Cards
Data and Forecasts to 2026, September 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20220614005241/en/
BANCOMAT S.p.A Vittorio Silva Head
of Communications & Public Relations Mob : +39 334 638 6965
v.silva@bancomat.it Discover Sarah
Grage Silberman +1-224-405-6029 sarahgragesilberman@discover.com
@Discover_News
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