Matica Fintec Buys Panini for Enhanced Secure Payments and US Market Growth

Published Date : 9/4/2025 

Matica Fintec, a leading provider of digital identity and card issuance technologies, has acquired Panini, a specialist in payments processing and biometric identity verification. This strategic move strengthens Matica's portfolio and expands its footprint in the U.S. market. 

Matica Fintec, a Turin, Italy-based company known for its digital identity and card issuance technologies, has announced the acquisition of Panini, another Italian company specializing in payments processing and biometric identity verification. This strategic move aims to enhance Matica’s secure payment solutions and strengthen its position in the U.S. market.

Matica is a publicly traded company that offers a wide range of solutions, including software for digital identity issuance, verification, and online authentication, as well as printers and software for ID card issuance. The company is well-known in the industry for its Xpressi line of payment card issuance and management software. Matica has been featured in previous coverage for its advancements in smart card technology.

Panini, on the other hand, is renowned for its innovative payments processing technology and biometric identity verification solutions, such as its patented BioCred platform. Panini recently introduced a cloud-based version of BioCred, expanding its capabilities and reach. The company also has a significant presence in North America, with a subsidiary established in Dayton, Ohio, in 1995.

By acquiring and integrating Panini, Matica gains access to advanced biometric capabilities, a strong market presence, and a robust network of value-added reseller partners. This acquisition provides Matica with a comprehensive portfolio for secure payments, encompassing card issuance, customer onboarding, check imaging, and branch automation.

The combined entity now has a larger footprint in the United States, positioning it to better address the evolving needs of the U.S. market. Sandro Camilleri, CEO of Matica Fintec, commented on the acquisition: “Panini is a first-class company with a strong legacy in bank technology and long-standing relationships with major financial institutions. This acquisition perfectly aligns with our strategy to scale in the fintech space, especially in the U.S. market. It strengthens our portfolio and extends our leadership across the Payment and Identity ecosystem.”

The acquisition was made from SETA Holding, though the financial terms were not disclosed. Richard Kane, CEO of Panini, expressed enthusiasm about the merger: “Panini and Matica Fintec share a commitment to customer success and secure innovation. Matica Fintec’s continuing investments in the U.S. market will provide an immediate impact to Panini’s current resources, support capabilities, and customized solution offerings that our direct customers, value-added resellers, and integrators require in the fast-evolving world of fintech.”

This strategic partnership is expected to drive further innovation and growth in the fintech sector, benefiting both companies and their clients. 

Frequently Asked Questions (FAQS): 

Q: What is Matica Fintec known for?

A: Matica Fintec is known for providing digital identity and card issuance technologies to financial and government institutions. They offer software for digital identity issuance, verification, and online authentication, as well as printers and software for ID card issuance.

Q: What does Panini specialize in?

A: Panini specializes in payments processing technology and biometric identity verification, including its patented BioCred platform. They also have a North American subsidiary established in Dayton, Ohio.

Q: Why did Matica acquire Panini?

A: Matica acquired Panini to enhance its secure payment solutions and expand its footprint in the U.S. market. The acquisition provides Matica with advanced biometric capabilities and a strong market presence.

Q: What are the benefits of this acquisition for Matica Fintec?

A: The acquisition strengthens Matica’s portfolio with biometric capabilities and an established market presence. It also extends Matica’s leadership in the Payment and Identity ecosystem and provides a larger footprint in the U.S. market.

Q: What does this acquisition mean for Panini's customers?

A: This acquisition means that Panini’s customers will benefit from Matica Fintec’s continued investments in the U.S. market, which will enhance resources, support capabilities, and customized solution offerings. 

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