Nexi announced a collaboration with Microsoft (NASDAQ: MSFT) intended to innovate virtual payments services and assisting with the digitalization of SMEs, Corporates, Public Administrations and Financial Institutions across European markets via vertical value-added solutions in order to respond to specific requirements as easy to adopt one-stop-to-digital packages for small businesses, scalable payment Cloud-enabled infrastructures for public entities to serve citizens, for corporates to streamline payment and cash operations and for financial firms to leverage digital-native scenarios for clients.
As mentioned in the update, Nexi was chosen as one of its primary virtual payment providers for digital commerce acceptance in Italy, Denmark, Sweden and Norway.
Nexi and Microsoft will aim to embed Nexi payments services with Microsoft Cloud solutions.
Nexi will be leveraging Microsoft Azure Cloud solutions in order to support the transformation of its own platforms and to bring innovation “agility” into the IT Infrastructure, leveraging the Data Center Modernization and Consolidation scenarios.
Both firms are focused on accelerating market adoption of joint solutions and to co-develop products that take advantage of their areas of expertise.
Paolo Bertoluzzo, CEO at Nexi Group, stated:
“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.”
Ralph Haupter, President Microsoft EMEA, added:
“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.”