Payments Firms Nexi and SIA to Merge, Predicted to be the New Italian Paytech leader in Europe

Two European payments firms, Nexi and SIA have signed a memorandum of understanding (MoU) regarding the integration of the two groups through the merger by incorporation of SIA into Nexi, according to a release.

The merged company will remain listed on the MTA and claims to be the “new Italian Paytech leader in Europe.”

The combined entity is said to cover the entire value chain of digital payments serving all market segments from digital payments acceptance services for small and large merchants, to more sophisticated omni-channel and e-commerce solutions, from issuing and management of all type of cards to mobile payments apps.

Read more: Crowdfund Insider