European paytech Nexi has formed a strategic partnership with Microsoft with the aim of digitalising the European payments space.
Microsoft has been chosen by Nexi as its preferred cloud provider. Nexi will use Microsoft Azure Cloud solutions to accelerate the transformation of its own platforms, and also for the consolidation of its data centres across Europe, starting in Italy.
As part of the collaboration, Microsoft has selected Nexi as its main digital payments provider for e-commerce acceptance in core European markets, including Italy, Denmark, Sweden and Norway.
Nexi and Microsoft will collaborate to embed Nexi payments solutions with Microsoft Cloud services and solutions.
Paolo Bertoluzzo, CEO of Nexi Group, said the strategic partnership demonstrates “the power of combining deeply local payments expertise with European scale”.
“We are proud to help a global player such as Microsoft to increase local reach in strategic markets with our digital payment solutions. It is concrete proof of our unique ability to bring together European scale, best-in-class solutions and deep local expertise,” Bertoluzzo added.
“We expect our joint investment in this partnership will accelerate the digitization of payments into Europe and our own cloud transformation, but more importantly, together we will enable innovative solutions, increased agility and superior efficiency for SMEs, corporates, public administration and financial institutions.”
Ralph Haupter, president at Microsoft EMEA, said that Nexi leveraging Microsoft’s secure cloud infrastructure and partner ecosystem to extend its digital payment solutions to European markets will not only bring benefits to end users.
“I see the potential for this expansion to fuel innovation in the broader industry, creating new opportunities for ISVs and startups. Microsoft will also benefit from the Nexi capabilities and solutions for our own e-commerce in several European markets,” Haupter added.
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