View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 5, 2022

Nexi, Alpha Bank set up digital payment venture in Greece

Italian payment provider Nexi has joined forces with Greece-based Alpha Bank to tap into the Greek digital payments market.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

As part of the tie-up, the two companies have established a new venture called Nexi Payments Greece to offer merchant solutions and payment acceptance products and services in the country.

The development follows an agreement by Nexi last year to acquire Alpha Bank’s merchants business unit for €157m through a new entity in which Nexi holds 51%.

Nexi Payments Greece will provide merchants, citizens and public sector organisations with offerings that drive the uptake of digital payment services in Greece.

It will focus on enhancing digital payment acceptance for merchants and businesses by offering them ready-to-use tools to develop and manage customer payments.

The move follows Nexi’s ambition to drive digital transformation and a cashless payments culture in Greece.

Nexi Group CEO Paolo Bertoluzzo said that the firm will invest more than €100m in Greece and plan to hire 100 employees to work on the “new generation of open platforms”.

Commenting on the partnership, Bertoluzzo said: “Today we are proud to announce the launch of a strategic partnership with Alpha Bank in Greece, resulting in the joint creation of Nexi Payments Greece, which will allow us to accelerate the process of modernisation and digitalisation of payments in the country.

“This partnership with Alpha Bank, in line with our selective investment strategy in markets with high-growth potential such as Greece, for Nexi Group represents a further step in our path of creating value in a highly competitive and rapidly consolidating market”.

Alpha Bank Group CEO Vassilios Psaltis added: “We are excited with the level of engagement with our partners, and we are confident that our endeavour will transform the experience of digital payments in Greece, where our customers are rapidly embracing cashless payments”.

Last month, Nexi struck a deal to buy merchant acquiring and POS management businesses of BPER Banca and its Banco Di Sardegna subsidiary in a deal worth up to $412m (€384m).

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International