Nexi: Confirms acquisition of BPER merchant payments business

Nexi: Confirms acquisition of BPER merchant payments business

  • Nexi informs that entered into a long‐term strategic partnership with BPER Banca S.p.A. and Banco di Sardegna S.p.A.
  • At the same time, It will buy the full ownership in Numera Sistemi e Informatica S.p.A. (“Numera”) from Banco di Sardegna
  • The consideration for the Transaction is equal to 318 €M, plus a potential deferred component up to 66 €M subject
  • In 2021 the merchant acquiring business generated a total value of transactions of approximately 13€B through a network
  • The payment system activities of Numera will also be enhanced
  • The closing of the Transaction is expected in the second half of 2022
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Kraken Gains Historic Fed Master Account Approval

Cryptocurrency exchange Kraken becomes the first to secure a master account with the Federal Reserve.Highlights: Kraken becomes the...

NatWest Strengthens Business Banking by Hiring Adeel Hyder from Starling

Hyder will lead the business banking team, enhancing NatWest's services.Highlights: Adeel Hyder joins NatWest from Starling Bank.Hyder will...

Innovate Finance Says BoE Stablecoin Proposals Will Chill UK Market

New stablecoin proposals from the Bank of England raise concerns for fintech growth.Highlights: Innovate Finance criticizes Bank of...

Standard Chartered Strengthens Global Payments Team with New Appointment

Former co-head of Kinexys takes charge of payments strategy.Highlights: Standard Chartered appoints former Kinexys co-head as global payments...