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UniCredit and SIA confirm exclusive negotiations on the renewal of the card processing services

With reference to the announcement of an agreement between Nexi and SIA to create a European digital payments paytech leader, UniCredit and SIA confirm that they have entered into exclusive negotiations about their current outsourcing agreement for the supply of certain processing services in Italy, Austria and Germany concerning card transactions and the management of POS and ATM terminals, and its renewal until 2036.

 

The parties aim to close the transaction binding documents in early 2021, in line with the timetable envisaged for the expected regulatory filings related to the recently announced Nexi-SIA merger.

 

 

 

Milan, October 5, 2020

 

 

 

Enquiries

 

 UniCredit Media Relations                                                      

 

                           

 e mail: mediarelations@unicredit.eu