"Specialisation in digital payments is becoming the rule of the game," he said. banks continuously revisit their payments strategies," Bertoluzzo said, adding that the business is becoming increasingly technology-centred requiring dedicated partners. A source with knowledge of the matter said the bank expects to complete the process by the end of September. UniCredit, meanwhile, is conducting a review of its payment operations across its 13 markets. ![]() "Different models can work and we are keen to be open to what ultimately banks sees as their strategy," Bertoluzzo said, adding that the valuation of the business and related up-front payment would need to vary accordingly. Sources have said that Nexi is in the running, though Nexi traditionally acquires full ownership of banks' merchants payment businesses, sometimes over years, as with its recent deal with Spain's Sabadell (SABE.MC).īanco BPM Chief Executive Giuseppe Castagna this week said that Banco BPM was seeking an accord that left it "in the driving seat" as in all of the bank's other partnerships. ![]() ![]() Nexi CEO Paolo Bertoluzzo made the comments as the group confirmed 2023 guidance after reporting first-quarter profit in line with forecasts, though revenue exceeded expectations.īanco BPM is working to select a partner by the end of June for its retailers' and payment card business, which it has valued at 2 billion euros ($2.2 billion) by factoring in future fees. MILAN, May 11 (Reuters) - Italian payments giant Nexi (NEXII.MI) is keen to enter partnerships with lenders and will adjust to their preferred models, it said on Wednesday as leading banks UniCredit (CRDI.MI) and Banco BPM (BAMI.MI) review options for their payments businesses.
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