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UniCredit and SIA ink revised card processing agreement | Fintech Finance

February 15 2021

UniCredit and SIA ink revised card processing agreement

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Following up on the press release issued on October 5, 2020, UniCredit and SIA announce that they successfully revised the overall terms of 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.

The revised agreement also allows SIA to renew the agreement until 2036. As a part of their arrangements, SIA paid to UniCredit an amount of €228 million in line with expectations.

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