EIB Provides €220 Million to Nexi to Back Digital Payment Innovation in Europe

The European Investment Bank (EIB) is providing  €220 million in financing to Nexi Group, Europe’s largest PayTech company, to support innovation  in the digital payments sector. The agreement was announced today in Milano by EIB Vice-President  Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone.

Nexi will use the EIB funds to develop and manage projects aimed at modernising digital payments  in Europe, and to finance specific initiatives that leverage the expertise of Nexi Digital, a European  technological innovation hub created in collaboration with Reply, an Italian company and European  leader in digital transformation.

The identified projects are fully aligned with Nexi Group’s environmental, social, and governance  (ESG) objectives, which have already been communicated to the market. These include promoting  digital payment innovation across Europe, creating jobs for young people and in disadvantaged  areas, and enhancing environmental sustainability by optimizing data centres and developing cloud based activities.

This is the first EIB loan granted to a publicly listed company in the digital payments sector,  underscoring Nexi’s commitment to advancing the digital and technological transition.

EIB Vice-President Gelsomina Vigliotti commented: “This operation represents a major step  forward in the development of Europe-wide digital payment solutions, helping to reduce the use of  cash and prevent fraud and tax evasion. This operation highlights the EIB’s commitment to promoting  digitalisation and innovation in businesses and public sector organisations, which are key elements  of the National Recovery and Resilience Plan.”

Nexi Group CFO Bernardo Mingrone added: “We are proud that the European Investment Bank  has recognised our ongoing commitment to the development of innovative products and services  promoting digital payment reliability and security, two key requirements for rolling out these services  in the European countries where we operate. This agreement is further confirmation that even major  players like the EIB recognise Nexi’s vital role in developing and supporting digitalisation in Europe.”