Nexi, a European PayTech, and Visa, a global payments technology company, have formed a strategic partnership to expand managed issuing solutions across Germany, with the aim of helping banks modernise their card issuing operations.
The long-term agreement will see Nexi offer end-to-end managed issuing products, giving banks access to the full range of Visa cards. Through the arrangement, banks stand to benefit from reduced time-to-market, ongoing access to product innovation, and an improved customer experience.
The model being deployed is based on what Nexi has described as a fully managed product approach, previously rolled out in Italy. Under this arrangement, Nexi takes responsibility for the full complexity of modern payment products, covering implementation, operations, compliance and continuous development, freeing banks to focus on differentiated propositions and customer engagement.
The new offering, branded Nexi Ready, is designed to allow German banks to introduce card propositions without adding operational complexity or diverting internal resources. The service covers a range of targeted programmes, including premium cards aimed at affluent and high-net-worth customers, business and SME cards with integrated control tools, and digital-first products for younger customers with streamlined onboarding.
Nexi Group co-lead of issuing business Christian Segersven said, “This partnership with Visa will accelerate a paradigm shift in the way issuers in Germany are supported by third-party specialists like Nexi.
“Serving more than 100 banks and millions of cardholders, we provide banks fully managed, end-to-end issuing products targeting individual cardholder needs with digital-first experiences. This enables banks to move faster and invest where it matters most, deepening customer relationships, enhancing journeys, and growing long-term customer value.”
Visa Germany country head Tobias Czekalla said, “We are pleased to partner with Nexi to support the next wave of payments innovation in Germany.
“Nexi brings a proven ability to deliver scalable payments capabilities and a new era of fully managed issuing products, and this collaboration recognizes the need for banks to modernize faster while benefiting from Visa’s global network, innovation drive and security expertise.”
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