Enel to expand in digital payments and financial services market with new deal


Enel has, through its financial services arm, partnered with SIA to develop new financial digital services.

Enel X Financial Services will leverage the partnership and SIA’s technological platforms and innovative solutions to strengthen its presence on the digital payments market.

The new companies will design new mobile banking solutions. Customers of Enel X will be able to make mobile payments, even by smartphone, easily, quickly and securely.

With the support of SIA, Enel X Financial Services will manage many kinds of transactions, starting with those made to recharge electric cars in the Hubject circuit. This e-mobility joint venture involves the BMW Group, Bosch, EnBW, Enel X, Innogy, Mercedes Benz AG, Siemens and the Volkswagen Group and boasts over 750 business partners and 250,000 interoperable charging stations all over the world.

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The partnership with SIA forms part of a wider programme launched by Enel X to compete in the digital payments and financial services market through partnerships with leading ICT and Fintech players. They will also join the recently signed agreement with the open banking platform Tink.

Giulio Carone, the CEO of Enel X Financial Services, said: “Having an innovative and reliable partner like SIA will enable us to leverage on the huge open finance opportunities.

“Thanks to this strategic partnership, we will be able to develop and offer our customers new payment and financial flow management services, starting with electric car recharging operations. This partnership is a further demonstration of the enormous potential offered by digitalisation and by the opening of markets which will allow Enel X Financial Services to strengthen its leadership in financial services.”