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IBOS Association member Intesa Sanpaolo, along with Enel, finalise the acquisition of fintech Mooney.

Mooney is a fintech company that provides proximity banking and payments services. Intesa Sanpaolo’s acquisition, along with Enel, enhances the digital proposition of the Bank’s services for its retail customers, ensuring them simple, efficient and secure access to a wide range of payment capabilities.

This acquisition also enables Intesa Sanpaolo to acquire new customers and expand the digital service model internationally.

Mooney has an extensive network 0f approximately 20 million customers and every year processes approximately 20% of all electricity bills (equal to about 18 million bills) issued by the Enel Group.

Read the original press release, published by Intesa Sanpaolo, here