Nexi and Olivetti will work together to develop payment solutions for the retail sector. Credit: Towfiqu barbhuiya on Unsplash.

Italian payment technology company Nexi and TIM Group’s IoT specialist Olivetti have formed a technology and business partnership. 

The collaboration will see both firms work together to integrate Nexi’s digital payment solutions into Olivetti’s cash register. 

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Nexi and Olivetti will also develop and market integrated fiscal and payment solutions aimed at the retail sector. 

In addition, the firms have planned a commercial collaboration to distribute Nexi’s solutions via the Olivetti sales network, which comprises over 300 partners including dealers and distributors spread across the country. 

The partnership between Nexi and Olivetti “will make retail payments and cash systems more complementary, with the aim of speeding up a more widespread use of electronic payments,” the firms said in a statement.

“Thanks to the new solutions, merchants will be able to subscribe to a single offer for an advanced cash register and a digital payment service, as well as to improve day-to-day business management, benefiting from an integrated service that offers a secure and fast shopping experience.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to Nexi data, Italy falls short of the European norm in terms of digital payments, which make up a third of the total, compared to nearly half in Europe as a whole, Reuters reported. 

In August this year, Nexi and Microsoft teamed up to facilitate cloud transformation in the area of digital payments for diverse stakeholders in Europe.

Before that, Nexi partnered with Alpha Bank to serve the digital payments market in Greece.