Italian paytech Nexi partners with Microsoft to drive the digitalization of European payments

The Italian paytech Nexi has entered a strategic collaboration with Microsoft, focusing on cloud transformation in digital payments and innovative payments solutions. The partnership aims at innovating digital payments solutions and helping digitalization of SMEs, Corporates, Public Sector and Financial Institutions across multiple European markets. Both companies intend to collaborate closely on driving wide market adoption of joint solutions and to co-create new products that leverage respective areas of expertise.

Upon the agreement, Nexi has been selected as one of the main payment providers for e-commerce acceptance in Italy, Denmark, Sweden and Norway. Nexi and Microsoft will collaborate to embed Nexi payments solutions with Microsoft Cloud services and solutions.

Nexi will leverage Microsoft Azure Cloud solutions to accelerate the transformation of its own platforms and to bring further innovation agility into the IT Infrastructure, leveraging the Data Center Modernization and Consolidation scenarios. Furthermore, Microsoft has been selected by Nexi as preferred cloud provider with Azure Cloud Services and solutions for Nexi platforms and data centers transformation journey. Nexi has been selected by Microsoft as one of its main payment providers for the online business in core European markets. This will allow Microsoft to fully take advantage of Nexi unique combination of European scale and extensive local expertise.

“The strategic partnership with Microsoft demonstrates the power of combining deeply local payments expertise with European scale. We are proud to help a global player such as Microsoft to increase local reach in strategic markets with our digital payment solutions. It is a concrete proof of our unique ability to bring together European scale, best-in-class solutions and deep local expertise. We expect our joint investment in this partnership will accelerate the digitization of payments in Europe and our own cloud transformation, but more importantly, together we will enable innovative solutions, increased agility and superior efficiency for SMEs, Corporates, Public Administration and Financial Institutions. Furthermore, it will allow Nexi to accelerate the integration of payment capabilities into software platforms to become the "preferred payment partner" for ISVs, also leveraging Azure capabilities”, said Paolo Bertoluzzo, CEO of Nexi Group.

“Digital payment innovation enables simpler, more frictionless experiences for customers, benefitting financial institutions, companies and consumers. Nexi will leverage the Microsoft secure cloud infrastructure and partner ecosystem to extend its digital payment solutions to European markets. In addition to the benefits this will bring to end users, I see the potential for this expansion to fuel innovation in the broader industry, creating new opportunities for ISVs and startups. Microsoft will also benefit from the Nexi capabilities and solutions for our own e-commerce in several European markets”, added Ralph Haupter, President Microsoft Emea.