Nexi and Compass, two leading companies in their respective fields, have recently announced a strategic partnership.
Nexi is known as a prominent European PayTech company, while Compass is a consumer credit company under the Mediobanca Group. This collaboration signifies a significant step in the Buy Now Pay Later (BNPL) sector.
The essence of this partnership lies in the integration of Compass’ BNPL digital solution, PagoLight, into Nexi’s SmartPOS system. This integration will enable Nexi’s partner banks to offer retailers a cutting-edge solution for deferred payment, seamlessly incorporated into the payment terminal, eliminating the need for separate devices. Several banks have already joined this initiative, with more expected in the coming weeks.
Furthermore, the agreement allows both companies to leverage their unique strengths and expand their market reach. For Nexi, it’s an opportunity to offer innovative solutions to its partners and merchants, enhancing sales opportunities. For Compass, this partnership significantly broadens PagoLight’s distribution in physical retail outlets.
Nexi Italy merchant solutions director Filippo Signoretti said, “The agreement we signed with Compass is in harmony with our European Paytech positioning, which is focused on bringing our partners and merchants innovative solutions for business development.”
He added, “In particular, this partnership allows us to provide merchants with a Buy Now Pay Later service which can be used by their customers in physical shops through Nexi SmartPOS in a simple, immediate and secure way, thus increasing sales opportunities.”
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