EIB Commits €220 Million to Support Nexi Group's Digital Payment Innovations

Nexi plans to utilize the EIB funds to develop and manage projects aimed at modernizing digital payment systems across Europe.

The European Investment Bank (EIB) has announced a significant financing agreement of €220 million with Nexi Group, Europe's largest PayTech company, to drive innovation in the digital payments sector. The announcement was made today in Milano by EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.

Nexi plans to utilize the EIB funds to develop and manage projects aimed at modernizing digital payment systems across Europe. This includes financing specific initiatives that leverage the capabilities of Nexi Digital, a European technological innovation hub created in partnership with Reply, a leader in digital transformation.

The projects targeted by this funding align with Nexi Group's environmental, social, and governance (ESG) objectives, which have already been communicated to the market. Key initiatives focus on promoting digital payment innovations, generating job opportunities for youth in disadvantaged regions, and enhancing environmental sustainability through optimized data centres and cloud-based solutions.

This agreement marks the first EIB loan granted to a publicly listed company in the digital payments sector, emphasizing Nexi’s commitment to leading the digital and technological transition in Europe.

EIB Vice-President Gelsomina Vigliotti stated, “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce cash dependency and prevent fraud and tax evasion. This partnership underscores the EIB’s dedication to fostering digitalization and innovation in both businesses and public sector organizations, critical components of the National Recovery and Resilience Plan.”

In response, Nexi Group CFO Bernardo Mingrone expressed pride in the EIB's recognition of their commitment to developing innovative products and services that enhance the reliability and security of digital payments. “This agreement reinforces Nexi’s vital role in supporting and advancing digitalization in Europe,” he added, highlighting the importance of the EIB's support in their efforts to roll out these services across European markets.