Nexi Digital Payment Services to Integrate With Olivetti Cash Registers
Nexi has signed an agreement to integrate its payment services with Olivetti cash registers.
The memorandum of understanding will see the two Italian firms — a manufacturer of business hardware and a payment service provider — pooling their respective expertise to enrich Olivetti’s cash register systems with Nexi’s digital payment solutions, Nexi stated in a press release.
It added that a commercial collaboration is also planned to distribute Nexi solutions through the Olivetti sales network, which has more than 300 business partners consisting of dealers and distributors and a widespread presence throughout the country.
By joining forces, Nexi and Olivetti will be able to offer merchants a more integrated payment acceptance solution that combines hardware and a digital platform.
Earlier this month, Nexi Group announced the extension of an agreement between its Nordic subsidiary Nets and BOKIS, a Danish payment and card company.
Thanks to the extension, the 50 Danish banks, that are members of BOKIS, will continue to issue and process the Danish domestic card, Dankort, and international payment cards through Nets until the end of 2029.
As well as forging strategic partnerships, Nexi’s business model is increasingly focused on mergers and acquisitions.
In September, the Milan-based PayTech announced it would increase profits more than markets expected over the next three years, adding that it could use the additional cash for mergers and acquisitions if opportunities arose.
Nexi Group CEO Paolo Bertoluzzo said that the firm’s acquisition targets included buying merchant acquiring services in countries where it is already present as well as new European markets where the penetration of electronic payments is still low and banks have not yet sold off their merchant acquiring units.
And neither is Nexi the only European PayTech following that strategy.
In November, PYMNTS reported that the French payment service provider Worldline is set to snap up Banco Desio’s merchant-acquiring activities for €100 million ($106.4 million).
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