Nexi & Microsoft expand partnership to digitize European payments

By Gloria Methri

European PayTech Nexi and Microsoft have strengthened their partnership to drive the digitization of businesses and the European economy.

The expanded collaboration, which builds upon one first announced in July 2022, aims to provide integrated management solutions to SMBs and enterprises.

Microsoft will be joining Nexi Open, the company’s open banking ecosystem, in addition to offering its digital services to innovative companies in the technology and FinTech sectors, accelerators, start-up incubators, consulting companies, and research centers.

Nexi and Microsoft will work together to accelerate the development of digital skills, leveraging the content provided by Microsoft’s e-learning platforms. Finally, the two companies will strengthen their collaboration with the Microsoft for Startups program, an initiative that will allow Nexi to accelerate the growth of innovative fintech companies with technical and business support from Microsoft.

Microsoft’s inclusion in Nexi Open allows Nexi to offer its partner banks an opportunity to further accelerate their technological transformation, acquire digital skills, and offer personalised, high-value products and services to their customers, be they companies or individuals.

“The partnership with Microsoft allows us to welcome to Nexi Open one of the leading global technology players,” commented Roberto Catanzaro, Business Development Director at Nexi. “The agreement is not only a testament to the international perspective that characterises the ecosystem that we have created in the open banking sector but also a demonstration that we offer our partner banks concrete solutions that allow the development of diverse, distinctive services to expand the scope of their ranges.”

Barbara Cominelli, Chief Operating Officer Microsoft Italy said, “Thanks to this partnership with Nexi, we can accelerate innovation in this market, bring new value to consumers and investors with an open approach that involves various market players, from established firms to startups and new business ideas, joining forces on the subjects of training and the digital skills needed to create innovative financial services.”