Thursday, November 14, 2024
7.3 C
New York

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

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Related Articles

Popular Categories

spot_imgspot_img