The European Investment Bank (EIB) announced that is providing €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation in the digital payments sector. This is the first EIB loan granted to a publicly listed company in the digital payments sector.
„Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments in Europe, and to finance specific initiatives that leverage the expertise of Nexi Digital, a European technological innovation hub created in collaboration with Reply, an Italian company and European leader in digital transformation.” – according to the press release.
EIB Vice-President Gelsomina Vigliotti commented: “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce the use of cash and prevent fraud and tax evasion. This operation highlights the EIB’s commitment to promoting digitalisation and innovation in businesses and public sector organisations, which are key elements of the National Recovery and Resilience Plan.”
Nexi Group CFO Bernardo Mingrone added: “We are proud that the European Investment Bank
has recognised our ongoing commitment to the development of innovative products and services
promoting digital payment reliability and security, two key requirements for rolling out these services
in the European countries where we operate. This agreement is further confirmation that even major
players like the EIB recognise Nexi’s vital role in developing and supporting digitalisation in Europe.”
____________
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It finances sound investments that can contribute to EU policy. EIB projects strengthen competitiveness, foster innovation, promote sustainable development and improve social and territorial cohesion while supporting a fair and rapid transition towards climate neutrality. In the past five years, the EIB Group has provided more than €58 billion in financing for projects in Italy.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
