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Nexi

#2104

Rank

$7.46B

Marketcap

IT Italy

Country

Nexi
Leadership team

Mr. Paolo Bertoluzzo (CEO, GM & Director)

Mr. Bernardo Mingrone (Chief Financial Officer)

Ms. Stefania Mantegazza (Head of Investor Relations)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Milan, Lombardia, Italy
Established
1939
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
NEXI.MI
Social Media
Overview
Location
Summary
Nexi S.p.A. provides electronic money and payment services to banks, financial and insurance institutions, merchants, businesses, and public administration in Italy. The company offers acquiring services; configuration, activation, and maintenance of POS terminals; fraud prevention; and dispute management services, as well as customer support services. It also provides a range of issuing services, such as issue, supply, and management of private and corporate payment cards; installation and management of ATM's; clearing services; and digital banking services for the management of current accounts and payments. In addition, the company offers software applications for invoice management and storage, prepaid card reloading, bill payments, and postal payments. Nexi S.p.A. has a strategic agreement with Intesa Sanpaolo S.p.A. to acquire the PBZ Card's merchant business in the Croatian market. The company was founded in 1939 and is based in Milan, Italy.
History

Istituto Centrale delle Banche Popolari Italiane was founded by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.In 2006, it acquired Key Client Cards & Solutions, a spin-off of Deutsche Bank. Since January 28, 2008, the Automated Clearing House – ACH Sepa Compliant with ICCREA Banca has been activated. In April 2008, it incorporated the Centralized Services Joint Stock Company – Seceti. On 15 September, 2008, in Vienna ICBPI signed an agreement with Equens SE for the establishment of the Equens Italia joint venture, which will carry out the Automated Clearing House activity in Italy as insourcer of ICBPI and ICCREA.

At the end of 2008, the process of acquiring the majority of S.I. Holding , concluding the acquisition, following the obtaining of the required authorizations from the Italian Competition Authority, in particular the Bank of Italy and the Antitrust Authority, in June 2009.

In September 2010, the formalization of an agreement for the purchase of the custodian bank business from Banca Carige was announced for 19.5 million euro. In November 2010, the acquisition of the custodian bank activity from Banca Sella was announced, which at the same time became a shareholder of ICBPI with a 0.96% stake. In November 2010, the ICBPI was condemned by the Antitrust to pay a fine of 490,000 euros for agreements restricting competition in relation to the credit card sector, which was subsequently suspended by the Lazio TAR.In 2015, the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR; the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.In February 2017, ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.In November 2017, the company was renamed to Nexi, while its card business was renamed from CartaSi to Nexi Payments.

On 5 October 2020, it was announced Nexi will merge with SIA S.p.A., will create one of Europe’s largest fintech groups.On June 16, 2021, the merger deed with the Danish Nets was signed, which allows Nexi to expand its range of action at a European level; finally, on October 15, 2021, the Competition and Market Authority approved with indication the merger by incorporation of SIA spa into Nexi. This further step generates the first European group in the payment systems sector.

Mission
Our mission is to simplify the way people, companies and government perform payments, by providing superior technology, customer service and innovation.
Vision
To become the preferred payments technology provider in Europe, offering the most comprehensive services to our clients.
Key Team

Dionysis Grigoratos (Managing Director of SIA Greece)

Recognition and Awards
Nexi has been awarded numerous times for its service, innovation, and customer experience. Most notably, Nexi has been recognised for its leadership in the Italian payments industry by the Financial Times and 19 other international awards.
References

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Nexi
Leadership team

Mr. Paolo Bertoluzzo (CEO, GM & Director)

Mr. Bernardo Mingrone (Chief Financial Officer)

Ms. Stefania Mantegazza (Head of Investor Relations)

Products/ Services
Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Milan, Lombardia, Italy
Established
1939
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
NEXI.MI
Social Media