Credit Agricole Italia and Nexi extend their strategic alliance, singed to last until 2029.
Crédit Agricole Italia and Nexi, two leading players in the Italian financial sector, have renewed their strategic partnership for digital payments. This agreement will see Crédit Agricole exclusively distribute Nexi's collection and payment solutions in Italy, strengthening a collaboration that spans over 30 years and involves over 3 million payment cards and more than 100,000 Nexi POS devices used by private customers, merchants, and businesses of Crédit Agricole.
The renewed partnership will allow Crédit Agricole Italia to expand and enhance the digital payment services available to its clients, offering products and services backed by Nexi's leading European fintech technology. This move is part of Crédit Agricole Italia's growth strategy, as it anticipates further development in the fast-growing digital payments market with positive economic impacts for Italy.
Marco Ferrero, Chief Regional Officer Italy at Nexi, has commented on the renewed partnership, stating it confirms Nexi as the ideal partner for ambitious banking groups in Italy. He attributes the success of the partnership to Nexi's scale, expertise, and best-in-class technology platform in Europe.
Vittorio Ratto, Deputy General Manager, Retail and Digital at Crédit Agricole Italia, has also commented on the renewed partnership, stating it aligns with the bank's strategy of prioritizing customers and offering tailored solutions.
The renewed agreement will see both parties invest in top-quality products and services with the highest standards of security and innovation. The partnership currently includes more than 3 million cards and over 100,000 Nexi POS terminals.
The renewal aims to ensure Crédit Agricole's clients continuity with the current model, along with high standards of quality, security, and innovation. The renewed agreement with Nexi is considered a significant step forward in Crédit Agricole Italia's growth strategy in the Italian market.
The renewed agreement is seen as a proof of the excellent work carried out together by Crédit Agricole and Nexi over the years. The renewal of the partnership is expected to continue this success.
The renewed partnership between Crédit Agricole Italia and Nexi serves as an incentive for both parties to continue supporting the evolution of the market. Nexi's role as a key partner for banks in Italy is further reinforced by the renewed agreement with Crédit Agricole Italia.
Key Details
- Partnership duration: Extended through 2029
- Coverage: Exclusive distribution of Nexi's payment and collection solutions in Italy
- Scale: Over 3 million payment cards and more than 100,000 Nexi POS used among Crédit Agricole clients
- Strategic importance: Expansion and enhancement of digital payment services to Crédit Agricole customers
- Market context: Part of a long-term collaboration over 30 years; aims to tap further growth potential in digital payments
- Nexi's role: Provider of advanced fintech solutions with a leading European technology platform
This renewal signals continued strong cooperation between the two companies, positioning them to capitalize on the expanding Italian digital payments sector.
- The extended partnership between Crédit Agricole Italia and Nexi, due to last until 2029, will enable Crédit Agricole to expand and enhance its digital payment services, leveraging Nexi's leading European fintech technology in the business sector.
- As part of their growth strategy, Crédit Agricole Italia will utilize Nexi's technology to offer top-quality products and services with the highest standards of security and innovation, covering over 3 million payment cards and more than 100,000 Nexi POS devices among its clients.
