BANCOMAT / PagoBANCOMATSince July 1, 2025, the BANCOMAT (cash withdrawal), PagoBANCOMAT (payments), and BANCOMAT Pay brands have been unified under a single brand. Any older documentation that distinguishes the three brands needs updating.BANCOMAT S.p.A. (owned by Italian banks) · since 1983Bancomat and debit card transactions: 7.752 billion in 2025 (up 15.6%) worth €305.6 billion (up 9.7%), out of a total of 12.3 billion Italian card transactions worth €506.3 billion (Italian trade press citing 2026 market data)
Global registry · Europe · Southern Europe
Italy Payment systems
10 systems listed.
CurrencyEuro (EUR)
Domestic schemePagoBancomat
RegulatorBanca d'Italia
Leading payment methods
Wallets (PayPal, Satispay)Cards / PagoBancomatCredit transfer (MyBank)CashBNPL
E-commerce shares
Wallets · 40%Cards · 35%Account-to-account · 10%Buy now, pay later · 6%Other · 5%Cash · 4%
PagoBancomat & Satispay. PagoBancomat is the domestic debit scheme (about 34 million cards). Satispay, a unicorn independent of the banks, has more than 5 million users on a cardless A2A model. Bancomat is part of the EuroPA alliance with Bizum and MB Way.
Digital payments€481B (2024, +8.5%, Politecnico di Milano)
Digital vs cash43% vs. 41% of consumer spending (2024)
PagoBancomat cards≈34M
Long a stronghold of contante (cash), Italy has shifted thanks to contactless and tax incentives designed to curb cash. PayPal is unusually strong in e-commerce there.
IBAN · Italy
27 charactersSEPA area453 bank codes26,259 BIC codes
- Total length
- 27 characters
- Bank code position
- 6–10
- Branch code position
- 11–15
- BBAN structure
1!a5!n5!n12!c
Structurally valid example
ITcountry code60check digitsX05428bank11101branch000000123456account
IT60 X054 2811 1010 0000 0123 456
Learn about this market. The guides and courses that cover it.
Payments in ItalyMerchant, acquirer, PSPPayment regulationCentral banks and payment infrastructuresAgents, distributors, and banking-as-a-service: who is liable for whatPayments in the BalkansAccepting payments in ItalyAccepting payments in Germany, Austria, and SwitzerlandAccepting payments in Spain and PortugalChoosing a jurisdiction for your payment institutionAccepting payments in the Netherlands and BelgiumAccepting payments in the Nordics
Card schemes
Clearing and settlement
BI-COMPItaly’s retail clearing system, which settles BANCOMAT transactions among others. Banca d’Italia is also the technical operator of TIPS.Banca d'Italia
Wallets
BANCOMAT Pay (formerly Jiffy)P2P and in-store payments by phone number, built on Italy’s domestic debit scheme. It can also be used to pay public-sector bills through pagoPA.BANCOMAT S.p.A. (original technology from SIA/Nexi) · since 201611.5 million registered consumers, about 385,000 accepting merchants, and a 31% share of mobile payment usage in Italy (PPRO / HiPay, 2025 vendor data, not cross-checked with BANCOMAT)
PostepayPrepaid card turned wallet and mass-market payment operator, deeply rooted outside the traditional banking system and accepted as a payment method in its own right in Italian e-commerce.PostePay S.p.A. (Poste Italiane) · since 2003
SatispayWallet that bypasses the card rails: it is topped up weekly from the user’s account by SEPA direct debit, which gives it a far lower cost structure than cards.Satispay S.p.A. (e-money institution licensed in Luxembourg since 2019) · since 2013More than 1 million active users by 2020 and more than 100,000 affiliated merchants; a unicorn since 2022; €46 million in revenue in 2024 (Italian Wikipedia; usage figures dated, not cross-checked)
Buy now, pay later
ScalapayThe leading Italian-born BNPL, focused on fashion and retail in Italy, France, and Spain.Scalapay S.r.l. (Ireland/Italy) · since 2019
Other
CBI / CBI GlobeItaly’s shared PSD2 hub and the long-standing standard for bank-to-corporate communication. Open banking in Italy has to go through it.CBI S.c.p.a. (consortium of Italian banks) · since 1995
pagoPAMandatory platform for every payment to the Italian public administration. It is not a scheme but a hub that imposes its rules on every PSP operating in Italy.PagoPA S.p.A. (Italian state-owned company) · since 2016
Bollettino di conto corrente postalePay-in slip for a postal current account, and Italy’s mass-market instrument for paying bills and amounts owed to public authorities, payable at a post office or online. In September 2024, Poste Italiane announced it would phase the slip out gradually starting in 2026, deeming it economically inefficient to handle. Anyone running recurring collections in Italy should check this.Poste Italiane S.p.A. (long-standing postal current account service, part of the universal postal service)
CBILLInterbank service for viewing and paying payment notices through online banking, a mobile app, or an ATM: business invoices, taxes, vehicle tax, and pagoPA notices. It is the channel through which Italian banks expose pagoPA to their customers, while CBI Globe plays the equivalent role for PSD2.CBI S.c.p.a. (benefit corporation and consortium of Italian banks, which also operates CBI Globe) · since 2014