Description: Nexi is an Italian payment service provider that offers various payment solutions for businesses. Its platform allows merchants to manage transactions efficiently and securely, facilitating both online and in-store payments. Nexi stands out for its focus on technological innovation, providing tools that enable businesses to optimize their collection processes and enhance customer experience. Key features include integration with multiple payment methods, the ability to conduct transactions in different currencies, and a fraud management system that ensures the security of operations. Additionally, Nexi offers customized solutions for different sectors, adapting to the specific needs of each business. Its relevance in the European market has grown significantly, becoming a key player in the digital transformation of payments, driving the adoption of technologies such as mobile payments and e-commerce.
History: Nexi was founded in 2017 as a result of the merger of several major players in the payment sector in Italy, including ICBPI (Istituto Centrale delle Banche Popolari Italiane) and other payment service providers. Since its inception, it has experienced steady growth, expanding its service offerings and its presence in the European market. In 2020, Nexi acquired SIA’s payment business, further consolidating its position as a leader in the digital payment sector in Italy and Europe.
Uses: Nexi is primarily used to facilitate online and in-store payment transactions. Businesses can integrate Nexi’s platform into their websites to accept card payments, bank transfers, and other digital payment methods. Additionally, Nexi offers mobile payment solutions, allowing merchants to accept payments through mobile apps and point-of-sale devices. It is also used to manage transaction security, protecting both merchants and consumers from fraud and unauthorized transactions.
Examples: An example of Nexi’s use is in fashion stores that allow customers to pay for their purchases through the Nexi mobile app, facilitating a fast and secure payment process. Another case is that of restaurants using Nexi’s point-of-sale terminals to accept card payments, enhancing the customer experience and reducing wait times at checkout.
