Italy picks KPMG to value digital payment platform PagoPA, sources say

FILE PHOTO: Poste Italiane headquarters seen in Rome, Italy, May 30, 2016. REUTERS/Alessandro Bianchi/File Photo

ROME (Reuters) - Italy's Treasury has picked accounting firm KPMG to put a price tag on PagoPA, a company handling digital payments to the public administration, as it prepares to sell the business to the state mint and postal service Poste Italiane, people close to the matter said.

The prospect of PagoPA changing hands, though it would remain under state-controlled entities, has spread alarm in Italy's crowded banking sector, where many small lenders are struggling to keep up with rapid changes in the payments sector.