Francesco D'Acri

Nexi Group have announced merchants in Italy can now accept in-person contactless payments with Tap to Pay on iPhone on Nexi SoftPOS 🇮🇹 📲 🏪 As well as providing a simple and safe way to accept digital payments, Nexi’s SoftPOS solution allows merchants to manage transactions in REAL-TIME and easily send receipts providing merchants with increased flexibility 💸 📍With no additional hardware or payment terminal needed, the solution enables the processing of cashless payments at a mobile POS where the payment can take place from Apple devices EXACTLY where the customer is without being limited by where the cash register is placed. 👨‍💻 “Enabling Nexi SoftPOS also on Apple devices provides Italian merchants with more flexibility and choice, resulting in an easier shopping experience for consumers and creating additional revenue opportunities to grow their business,” comments Roberto Catanzaro, Chief Business Officer of Merchant Solutions at Nexi. “With this expanded mobile offering, we are taking another step toward increasing the adoption of digital payments in Italy and further afield, as we look to help merchants and consumers across Europe benefit from more convenient payment options.” Read more on the link below! 👇 #nexi #mobilepayments #softpos #digitalpayments #contactlesspayments #taptopay #cashless #digitaleconomy

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"Building the future of the euro, our money" Sure is YOUR money.. as soon as it hits the account we have nothing to say, hence bail ins were possible and thats why this is also kind of a done deal. (read fine print) The pdf speaks of incentives for end users. I guess 'incentives' is a nicer word for coercion. Every adult is responsible/can choose. I wouldnt choose for this silly option as it is so obvious where this goes. Check this choice out: Https://https://lnkd.in/eqNtkwr Its URA currency, no interest, no fractional banking, no gambling on stock markets. Just investments in the real economy with asset backed currency via cooperative structures where each member decides along. Nobody till now ever said we could not choose differently. Just do it. Become co-owner. Even the EU has a special fund that investigated /investigates a post euro scenario regarding currency etc. They too know its doomed to fail. United People Foundation, a solid and robust financial alternative. #cbdc #cooperative #financial #alternative

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Italy is (finally?) undergoing a 𝐦𝐚𝐣𝐨𝐫 𝐞𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐬𝐡𝐢𝐟𝐭. Although the widespread digital payment adoption in the last 4 decades in Italy has been thrilling and difficult, the numbers speak for themselves: 24% CAGR over the past decade and 13Bn electronic transactions in 2023. This rise shows Italian inventiveness and adaptation, not just statistics. Despite 𝐜𝐮𝐥𝐭𝐮𝐫𝐚𝐥 𝐫𝐞𝐥𝐮𝐜𝐭𝐚𝐧𝐜𝐞, 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 solutions are driving this transition. These efforts make digital payments 𝐬𝐚𝐟𝐞𝐫 and more 𝐚𝐜𝐜𝐞𝐬𝐬𝐢𝐛𝐥𝐞 for consumers and companies. However, issues remain. In minor transactions and rural locations, many Italians prefer cash. With the 𝐓𝐎𝐏 𝐏𝐎𝐒 𝐧𝐞𝐭𝐰𝐨𝐫𝐤 𝐢𝐧 𝐄𝐔, the 𝐩𝐨𝐬𝐬𝐢𝐛𝐢𝐥𝐢𝐭𝐢𝐞𝐬 𝐚𝐫𝐞 𝐡𝐮𝐠𝐞. We can close the gap with other European leaders by improving 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐥𝐢𝐭𝐞𝐫𝐚𝐜𝐲, 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬, and 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐢𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞. I'm sure that Italy may lead digital payments, improving efficiency, security, and inclusivity. https://lnkd.in/da8q9_Te Data Manager Magazine Loris Bellè AICEL Associazione Italiana Commercio Elettronico Webidoo #Fintech #FinancialInclusion #Italy #CashlessSociety #FutureFinance

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[BNPL for Business] 🚀 📍 We are excited to announce PausePay - il Buy Now Pay Later B2B italiano - decided to be among the Ecosystem Partners of the fifth edition of Milan Fintech Summit 🌐 PausePay's Buy Now, Pay Later (BNPL B2B) model it's delivering unparalleled advantages to businesses. 📈 Boost Your Sales: PausePay's BNPL solutions inspire customers to make purchases they might have delayed. 🌐 Grow Your Customer Base: Flexible payment options from PausePay attract a diverse range of customers. 💳 Streamline Your Finances: PausePay simplifies financial management, making cash flow easier to handle for businesses. 🛡️ Reduce Credit Risk: With PausePay, the credit risk is taken off your shoulders, protecting your business from potential losses. 🚀 Gain a Competitive Edge: PausePay's BNPL solutions in the B2B sector offer a substantial advantage over competitors and enhance business agility. 👷 Save Costs and Time: Implementing PausePay’s BNPL can lead to significant savings in both operational costs and time. 🎉 Big News! We are gearing up to launch new buyer-focused solutions. Stay tuned! 👉 Follow us on LinkedIn for weekly updates, business news, and the latest innovations in BNPL. https://lnkd.in/d5YHB9UR 🌎 PausePay - il Buy Now Pay Later B2B italiano 👇 #pausepay #bnpl #b2b #DigitalPayments #innovation #SMEs #Bricoday2024 #fintech #BusinessGrowth #future #Allianztradeitalia #InStore #PayLink  #B2BPayments #DigitalPayments 

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TG1 in Italy had shown it in a passage of a report on #venditalia And finally here it is, the POS of #Coges for unattended payments, ready for launch, on which we will add a lot of good stuff. We are ready to install this payment system anywhere even outdoors all monitored remotely by our IoT cloud services and connected Apps. Convenient no? #cashless #paymentsystem #iot #unattended

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As you know, I keep one eye on the global market, two on the #European #market, and four on the #Italian market. Interestingly, the The Future Of Banking report sheds light on what's happening in Italy within the realm of #digitalbanking. Here, the digital payments landscape is dominated by PostePay and HYPE (excluding the banking apps from incumbent banks). PostePay is a robust product, highly localized with 20 million active cards, but its stringent automatic controls too often block or limit accounts. Additionally, the cash withdrawal limits are relatively low—at 500 euros per day up to a maximum of 3000 euros per month, if I'm not mistaken—and in a country where cash is still significant, this creates a substantial issue. Furthermore, in cases of missed payments or legal issues, accounts with an IT IBAN are typically the first to be seized, and this is becoming a widespread problem. Consequently, there's a shift towards foreign banking services, and Revolut offers an excellent app, numerous services, exceptional stability, and unmatched speed. Moreover, using Revolut is enjoyable; you can track your travels or the performance of stocks. For me, it's one of the best apps ever developed, and as a Product Manager, it certainly serves as one of my guiding lights when i take decision for the financial apps we do. Additionally, they have done an excellent job with nationalization. The main competitor was N26, but it has been restricted and, in my opinion, has invested little, in addition to being blocked in Italy due to AML issues. #Isybank by Intesa Sanpaolo is struggling; people being forcibly shifted to a new app without a physical bank branch to turn to have not rewarded the bank, which knows banking but not app development and customers retain practice. This has been clearly demonstrated, especially since reviews suggest that Thought Machine as a core banking system has not done them any favors. In conclusion, the game is still on, users are volatile and can easily switch; there is still much room for growth, and beyond, #PSD3 could bring significant improvements, allowing digital banks to operate more effectively. The world of credit is particularly enticing for those of us who thrive on commissions, and this is evident from the profitability per customer that Neo Banks (with a banking license) have compared to EMIs. There's still much fun to be had in this sector!

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New Customer Story: Adyen & Miscusi 🍝 We've just launched a new customer story with miscusi, an innovative Italian fresh pasta brand. The link to the full case is in the comments, but here's a quick preview of what Marco Garoglio, Miscusi's Chief Technology Officer, had to say about the partnership: "The adoption of Adyen payment terminals has allowed us reduce the average transaction time from 20 seconds to 10, including the moment when the customer approaches their payment method to the terminal. Similarly, the cost of online transactions has also been reduced by over 50%." #ThisIsAdyen #InnovativePayments

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🌍 N26 and Revolut Escalate Customer Acquisition Battle with Record-High Bonuses 🌍 The competition in the digital banking sector is reaching new heights. Both N26 and Revolut are offering unprecedented incentives for new customers, with bonuses soaring to €120 for account openings. This signals an intensifying race among fintech giants to expand their customer base in an increasingly saturated market. For decision-makers in the financial and IT sectors, this aggressive move highlights the importance of customer acquisition strategies in a digital-first world. As traditional banks face pressure to innovate, fintech companies are leveraging seamless onboarding, user-centric interfaces, and enhanced mobile experiences to lure customers. The question is no longer just about offering competitive financial products, but also about creating a frictionless digital experience that appeals to the modern consumer. How will traditional banks respond to this bold play from digital-first challengers? #FintechCompetition #DigitalBanking #CustomerAcquisition #N26 #Revolut #CX #ITInnovation #FinancialServices #TechInBanking #FutureOfBanking for e.g.: https://lnkd.in/dVsmG_J6

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The highlight of Day One 🚀 at the Mastercard Central European Fintech Forum was a panel with Linda Früh, Luka Caratsch, Fedele Di Maggio and Igor Zganjer on BaaS solutions for fintechs - is it better to Build vs. Buy. Thank you for an insightful discussion. By the way, I am going for "Build". What do you think? #fintech #startups #baas #movingfast #financialtools #buildyourfuture

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What a few years ago seemed like science fiction, is becoming today common place: #payments with the wave of our hand. Let’s take a look. We are in the middle of a paradox: the more payments gain importance, the more they take a back seat and become invisible. Nowhere is this statement more applicable than in biometric payments, which is the ability to use biometrics such as our face, our fingerprint or even our voice to authenticate (identify) ourselves so that we can make a payment. These are real-life examples: -   Canada’s RBC bank allows since years clients to pay their bills using their voice (via the iPhone's Siri assistant). -   Amazon launched last year to all 500+ Whole Foods Market stores in the US it’s palm recognition service for identification, payment, loyalty membership, and entry. -   In China tech giant Tencent is going all in on #biometrics: Weixin Palm Payment allows Weixin users to pay on the subway by swiping hovering their hands over a sensor. Infrared cameras then analyze the individual palm prints and unique patterns of veins under the skin, allowing each user to be identified and payment to be processed within seconds (source: CNN). -   Last year JP Morgan began piloting biometrics-based payments (palm and face identification for payments authentication in-store) with select retailers in the US. -   Self-service ordering kiosks or payment terminals with biometrical functionalities are one of the main use cases gaining ground. In #China such options are available at selected supermarkets or McDonald's locations. But why are biometric payments rising? -   In today’s rapidly evolving payments landscape competition has moved from the infrastructure to the front-end. UX is the name of the game and biometrics enable better customer experiences. -   The rise of mobile and contactless payments is driving demand for biometrics. -   Efficiency, which translates into cost benefits. Especially, when it comes to use cases such as self-service kiosks, biometrics are a reliable, 24/7 alternative that saves costs. -   Biometrics are significantly simplifying and enhancing loyalty programs by offering a faster and easier identification and check-out process (Face ID instead of the manual process of pulling out a card and identifying myself). -   Biological characteristics are much more difficult to replicate or steal and therefore offer enhanced security, which translates into reduced frauds. The numbers are indicative: -   Goode Intelligence forecasts that global biometric payments will reach $5.8 trillion and 3 billion users by 2026. -   Juniper Research expects biometrics "will authenticate over $3 trillion of payment transactions in 2025," compared to $404 billion in 2020. If biometric payments can, in the short term, address issues such as privacy & security, #technology, regulation, accessibility, trust & social acceptance, then their longer-term future looks bright. Opinions: Panagiotis Kriaris

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🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: Revolut, which now has over 2 million customers (of a 50M total) in Italy, will expand its payment services in Italy 🇮🇹 by introducing its POS terminals, starting next week. Italy has been a key market for Revolut, with 2 million customers, personal loans, and advertising campaigns launched this year. The company has increased its investments in the region by 94%. By the end of the year, Revolut plans to establish its Italian subsidiary, offering customers an Italian IBAN to enhance usability and acceptance as a primary account. Globally, Revolut’s valuation soared to $45 billion in 2024, and it secured a UK banking license with restrictions. The company’s 2023 financial results reported €2.1 billion in revenue and €395 million in profit. Source/more info (in Italian): https://lnkd.in/dqYp5ug9 Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ] 

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Trust is key I recently read this article by Klarna about Open Banking maturity across Europe and it is indeed true that the quality of the banks’ APIs vary widely, both in country and between countries. Some banks still seem to “hold back” on information, even though it should be in their interest to provide the most complete information possible via the APIs. High-quality open banking channels ensure a reliable customer experience, which is vital for trust. When APIs deliver consistent and comprehensive data, similar to what users see in their bank accounts, it supports the development of services that can significantly enhance user satisfaction and trust, ultimately leading to increased usage. This is a win-win for all parties involved. However, the PIS and AIS providers can do their part too, for example by opening up for two way communication with the banks, giving banks a more active role in the customer experience, instead of merely being passive providers of information. #openbanking #PIS #AIS #trust #A2APayments #PaybyBank

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⬇️ Today, let’s deep dive into the #Payments ecosystem in #Italy from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Owned by local banks, BANCOMAT S.p.A. plays a central role in Italy’s payment landscape with three main solutions: Bancomat (interbank network), PagoBancomat (the card scheme), and BancomatPay (online payment solution). While cash still dominates at POS, with 69% of transactions, digital payment adoption is rising. Visa and Mastercard are also key players, with 34% and 20% market share, respectively. 🌐 Similar to other European countries, Italy offers a range of alternative payment methods. Our Member Satispay is a highly popular mobile payment app, with over 4.4 million users and partnerships with government platforms like PagoPA S.p.A. PayPal remains the leading digital wallet, with over 90% market share, and other solutions like Apple Pay, Google Pay, and Skrill are available. Meanwhile, BNPL continues to grow, led by local unicorn Scalapay. Scalapay entered multiple partnerships during the second half of 2023, partnering with the US-based card issuing platform Marqeta. Other players include Tinaba and MyBank. 🏦 The three leading banks are Intesa Sanpaolo, UniCredit, and CDP Cassa Depositi e Prestiti (CDP), holding significant market share. UniCredit’s buddyunicredit, N26, Revolut, and HYPE can be found in the fully digital banking landscape, and non-banking issuers like PostePay and Mooney are important institutions in Italy. The key challenge that banks and financial institutions are facing is the instant payments regulation. This regulation poses digitalisation challenges to the players in this industry and may lead to an overhaul of the entire internal IT payment systems of certain institutions. 📶 Italy is a strategic market for payment service providers as it transitions from cash to digital. Major players like Nexi Italy lead the payment processing space, serving over 900,000 merchants. Worldline Italia, Axerve and Edenred Payment Solutions are also prominent players, with growing acceptance networks across the country. Key Takeaway💡: "Local payment solutions (such as Bancomat, Satispay) remain highly popular and the preferred payment methods. Due to the high cash usage in the country, Italy is an attractive market for new players and innovative solutions. Similarly to other countries in the European Union, instant payments have become one of the key challenges and will force players to adapt their technical capabilities.” Massimo Tonassi | Partner – Deloitte

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🗓 On the 12th of September, join us for an exclusive webinar where Yapily & Pleo will dive deep into the world of Instant Wallet Top-ups! Our very own Stefano Paoletti and Siew (Serenna) Cole will be joined by special guest Clara Schindler from Pleo to explore the benefits of open banking for seamless wallet top-ups. 🔍 Curious about how Pleo is leveraging open banking? Check out the use case in the comments that highlights the advantages of using open banking for wallet top-ups. Register now and discover how you can enhance your payment processes! #Webinar #OpenBanking #Fintech #Payments #WalletTopUps

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Back in my second home - Amsterdam - for Money2020. #fintech #innovation #regtech #rcitalia #gieom Do get in touch if you would like to meet up to discuss Regtech, Payments or DORA.

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🚨 UniCredit Offers €10 Billion for Banco BPM UniCredit has made a bold €10 billion all-share bid to acquire Italian rival Banco BPM, signaling a significant move in the banking sector. 📊 Keep up with major developments like this in real-time with Trendtracker by Trensition—your go-to platform for live market insights and analysis. #UniCredit #BancoBPM #Trendtracker #BankingNews

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About 6 months ago, I had a chat with the head of AI of an Italian Tech company. We talked for 5 hours (mind you, on a Friday). It was supposed to be a 30 minute call. We discussed AI. What it can do. What it can’t. The shiny new techniques and their ineffectiveness. The struggle to properly parse data from PDFs. And the conclusion was kind of solemn, yet obvious. Solutions with ChatGPT kind of work. Most of the work is bringing accuracy from 80% to 99%. More importantly, classic ML solutions that use numerical data remain the most widespread use-case of AI. Now, as people use ChatGPT more and more, we are finally starting to see this shift.

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