EIB and NEXI Group Sign €220 Million Financing Agreement to Modernize European Digital Payments

The European Investment Bank (EIB) announced a €220 million financing agreement with Nexi Group, a European PayTech company.

The agreement was formalized during a meeting between EIB Vice-President Gelsomina Vigliotti and Nexi Group CFO Bernardo Mingrone in Milano.

The funds will go toward supporting Nexi's projects to update the digital payment infrastructure in Europe.

With the help of Nexi Digital, a European innovation hub founded in collaboration with the Italian digital startup Reply, Nexi intends to distribute the fund to initiatives that will advance digital payment technology.

These projects are in line with Nexi Group’s environmental, social, and governance (ESG) objectives.

To reduce its environmental effect, Nexi plans to enhance cloud-based operations and optimize its data centers, which will foster innovation in digital payments throughout Europe.

EIB Vice-President Gelsomina Vigliotti, said “This operation represents a major step forward in the development of Europe-wide digital payment solutions, helping to reduce the use of cash and prevent fraud and tax evasion.

He added, “This operation highlights the EIB’s commitment to promoting digitalisation and innovation in businesses and public sector organisations, which are key elements of the National Recovery and Resilience Plan.”

This funding, which aims to accelerate the digital and technological transition, is the first EIB loan given to a publicly listed company in the digital payments industry.