View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 11, 2022

Nexi considers sale of German BNPL unit Ratepay

Italian payments processor Nexi is considering strategic options for its German buy-now-pay-later (BNPL) unit Ratepay, including a sale of the business, reported Bloomberg.

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

The unit is estimated to have a valuation of more than $1.1bn (€ 1bn), people with knowledge of the development told the news agency.

Ratepay was acquired by Nexi as part of its acquisition of Nordic payments firm Nets, signed in 2020.

The unit enables online retailer business to offer a range of payment options to their customers, including BNPL.

According to the sources, the deliberations are currently underway, and no decisions have been finalised regarding the sale. They also added that firm may also decide to keep the business.

A spokesperson for Nexi did not comment on the news.

Meanwhile, Nexi reported ‘strong results and sustained volume growth’ for its full year earnings for 2021. The firm’s revenues increased 10% year-on-year to €2.27bn.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at €1.09bn, up 12.1% compared to the year before.

Recent deals by Nexi

In May, a report by Reuters said that Nexi is in talks to buy a stake in Greece-based Alpha Bank’s payment business.

In 2020, the firm signed a memorandum of understanding to buy rival payments provider SIA in an all-share deal worth €4.56bn.

In 2019, Nexi brokered a deal to purchase Italian banking group Intesa Sanpaolo’s retailers’ payment business in a €1bn deal.

The deal included the transfer of Intesa Sanpaolo merchant acquiring business consisting of 380,000 points of sale to a Nexi subsidiary.

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

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