Enel X Financial Services has signed a strategic partnership with SIA, a specialist  European hi-tech company in the payment services and infrastructures sector. 

In collaborating with the firm, which is controlled by CDP Equity, for the design and realisation of new mobile banking solutions, Enel X will enable customers to make mobile payments efficiently. 

With the support of SIA, Enel X Financial Services will manage a variety of transactions, commencing with those made to recharge electric cars in the Hubject circuit, the e-mobility joint venture involving the BMW Group, Bosch, EnBW, Enel X, Innogy, Mercedes Benz AG, Siemens and the Volkswagen Group.

Giulio Carone, CEO of Enel X Financial Services commented: “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 digitalization and by the opening of markets which will allow Enel X Financial Services to strengthen its leadership in financial services.”

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

Nicola Cordone, CEO of SIA added: “The strategic agreement with Enel X Financial Services takes on particular importance as it involves two Italian excellences, in their respective key sectors, which are making a significant contribution towards the payment digitalization process and are focusing on further strengthening their position on the international market. 

“Thanks to its technological infrastructures and its ability to develop innovative solutions, SIA continues to accompany the digital transformation of financial institutions, PAs and businesses which, thanks to the Payment Services Directive 2 (PSD2) and open banking, have the chance to create new payment services for their customers.”