Bancomat is an Italian

interbank network An interbank network, also known as an ATM consortium or ATM network, is a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belo ...

for cash withdrawals widely used in Italy. It was first introduced in 1983 for use with

automated teller machine An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account ...

s. The network is owned by the

Rome Rome (Italian language, Italian and , ) is the capital city and most populated (municipality) of Italy. It is also the administrative centre of the Lazio Regions of Italy, region and of the Metropolitan City of Rome. A special named with 2, ...

-based Bancomat, S.p.A. and its cards are issued by Italian banks. The service is only used in Italy and the word “bancomat” is used in Italy as a synonym for automated teller machine. In 1986, an associated

debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

network called PagoBancomat was introduced, which is based on the Bancomat service and is intended for PIN-based POS transactions. Since the Bancomat network is not used outside Italy, almost every Bancomat/PagoBancomat debit card is co-branded with a multinational service, such as Mastercard,

Maestro Maestro (; from the Italian '' maestro'' , meaning " master" or "teacher," plural: maestros or maestri) is an honorific title of respect, sometimes abbreviated Mo. The term is most commonly used in the context of Western classical music and oper ...

Visa Visa most commonly refers to: * Travel visa, a document that allows entry to a foreign country * Visa Inc., a US multinational financial and payment cards company ** Visa Debit card issued by the above company ** Visa Electron, a debit card ** Vi ...

Visa Electron Visa Electron was a debit card product that used the Visa payment system. It was offered by issuing banks in every country with the exception of Canada, Australia, Argentina, Ireland and the United States. The difference between Visa Electron a ...

V Pay V Pay is a Single Euro Payments Area (SEPA) debit card for use in Europe, issued by Visa Inc., Visa Europe. It uses the EMV Smart card, chip and Personal identification number, PIN system and can be co-branded with various national debit card sc ...

, for use abroad. A new service called Bancomat Pay was introduced in January 2019. It is intended for electronic payment for

online transactions E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile comm ...

. In December 2023, Bancomat signed a letter of intent with Spanish mobile payment firm

Bizum Bizum is a payment service provider launched in 2016 as an initiative of the Spanish banking system. History Constituted on 27 June 2016, Bizum was jointly launched by 27 Spanish banking entities, including CaixaBank, BBVA, and Banco Sabadell. ...

and Portuguese firm SIBS (which operates the mobile payment service

MB Way Multibanco is a Portuguese interbank network. It is the largest interbank network in Portugal owned and operated by SIBS (Sociedade Interbancária de Serviços S.A.), that links the ATMs of 27 banks in Portugal, totaling 12,700 machines as of Dec ...

) to create a partnership in order to develop a unified European payment solution and facilitate the interoperability of their respective mobile payment solutions as a first step. In November 2024, Bancomat Bizum and SIBS launched EuropPA (European Payments Alliance), a service allowing users to make instant payments using their mobile phones across the three countries (Italy, Spain and Portugal), and the three firms announced that they are in talks to add more firms to their partnership in order to expand their service in Europe. On 31 March 2025, Bancomat, Bizum and MB Way launched the first instant cross-border transactions.

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Bancomat
{{Digital payment providers Interbank networks Debit cards Mobile payments 1983 establishments in Italy

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