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Nexi: In-store mobile payments rise 122% in 2021
Nexi recorded a 122% increase in in-store mobile transactions using smartphones in Italy in 2021. The PayTech, which last year processed around 70% of all mobile in-store transactions in the country, has indeed been driving the development of a sector that has grown in Italy by 106% reaching a value of €7 billion, as confirmed by the data published today by The Innovative Payments Observatory of Politecnico di Milano.
86% of this amount, up from 84% in 2020, came from purchases made with card virtualization apps, such as Google Pay, Samsung Pay and Apple Pay, proving that these solutions are the preferred and most widely used ones for in-store mobile payments. Further confirmation of this is the 50% growth of Nexi cards registered on these mobile payment apps.
2021 also saw a major increase in the use of the more innovative digital collection solutions – 54% of merchant customers of Nexi’s partner banks activated PayByLink, the service that allows them to use email or social media to send their customers a payment link. 32% of merchants equipped themselves with a Mobile POS, a device that enables immediate POS-smartphone pairing, which can be used on iOS and Android devices. There was also an 85% growth in the adoption of Easy Delivery and Easy Calendar, solutions that make it possible to receive orders and payments via social media and to create a digital calendar to make appointments and then pay either remotely or on site.
These figures testify to the fact that both individuals and businesses increasingly prefer highly innovative payment and collection tools that guarantee more speed, convenience and security, at a moment when digital payments are growing constantly – the number of transactions made with Nexi cards in 2021 in fact grew by 28% on 2020, with a sharper acceleration in the last quarter of the year (+30%).
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AirPlus International and Kresus Technologies Help European Businesses Regain Control of Their Indirect Purchasing, in Collaboration with Mastercard
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Neema’s Dynamic Routing® Helps Financial Institutions Cut Payout Costs by Up to 24%
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Ballerine Unveils Agenticom.org to Map and Solve Trust Gaps in Agentic Commerce
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EXCLUSIVE: “Payments Re-Engineered” – Nigel Thacker, Silverflow and Victor Padee, Aevi in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Orchestrating Data Intelligence to Maximize Unit Margins and Corporate Velocity | payabl., Torus, Raiffeisen Bank | FF Virtual Arena #363
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Fraud Trends 2026: AI Scams, Deepfakes, and Emerging Threats
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
RECCo Appoints Raidiam and PayPoint to Deliver the Trust Framework for the Consumer Consent Solution
RECCo, the Retail Energy Code Company, has appointed Raidiam and PayPoint to support the development of the Trust Framework that underpins the Consumer Consent Solution (CCS) for the GB retail energy market. The appointment marks a key step towards a more secure, standardised and consumer-focused approach to data consent in energy.
Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage
Vertafore®, the leader in insurance technology, today announced that its Sircon® Compensation solution has earned top industry and business honors, with a Gold in the 2026 TITAN Business Awards and finalist designation in the 2026 PropertyCasualty360 Insurance Luminaries Awards.
Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions
Saris, the agentic workflow platform for banks and credit unions, today announced it has raised $28.8 million in Series A financing.