Nexi Sells Ratepay to Affirm
Nexi sells payment provider Ratepay to BNPL firm Affirm for expanded market reach.
In brief
Nexi sells payment provider Ratepay to BNPL firm Affirm for expanded market reach. Nexi sold its payment provider Ratepay to Affirm to boost BNPL services in Germany, Austria, and Switzerland. Originally reported by Pymnts.
Nexi Sells Ratepay to Affirm
European digital payments company Nexi sold its payment provider business Ratepay to BNPL company Affirm.
New Partnership in Germany
Nexi and Affirm agreed to expand their partnership in Germany, Austria, and Switzerland.
Nexi CEO Statement
Nexi CEO Bernardo Mingrone said the divestment aligns with core activities and optimized portfolio strategy.
Affirm's Focus on Transparency
Affirm senior vice president Pat Suh emphasized pay by invoice transparency for customer trust.
What it means
Nexi sold its payment provider Ratepay to Affirm to boost BNPL services in Germany, Austria, and Switzerland.
