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August 1, 2022

Nexi, Microsoft team up to strengthen digital payments across Europe

Italian payment company Nexi has entered into a strategic alliance with Microsoft to enable cloud transformation in the digital payments space for various stakeholders in Europe.

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The partnership aims to offer simple, one-stop digital solutions for small businesses as well as safe scalable payment cloud-powered set-ups for public authorities to aid citizens.

It intends to provide corporates with solutions that will improve their payment and cash operations. Financial institutions are also expected to benefit from the digital solutions, stated Nexi.

Under the latest agreement, Nexi is set to become one of the primary payment providers for e-commerce acceptance in Italy, Denmark, Sweden and Norway.

The company has chosen Microsoft as the preferred cloud provider for its Azure Cloud Services and others in a bid to improve its efficiency, cybersecurity and data protection capabilities.

Nexi payments solutions are expected to integrate with Microsoft Cloud services and solutions.

In addition, the collaboration seeks to create Cloud and digital payments offerings for independent software vendors (ISVs) operating in European markets.

Both the companies are also set to jointly develop new cloud-native payments solutions and services to drive digitisation.

Nexi Group CEO Paolo Bertoluzzo said: “The strategic partnership with Microsoft 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 a concrete proof of our unique ability to bring together European scale, best-in-class solutions and deep local expertise.

“We expect our joint investment in this partnership will accelerate the digitisation of payments in 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.”

Early last month, Nexi partnered with Alpha Bank to serve the digital payments market in Greece.

Free Whitepaper
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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.

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