Nexi and Illimity: a new partnership to support Italian SMEs

SME Banking
31/10/2022 News

Nexi, the European PayTech, and Illimity Bank S.p.A. (“Illimity” or the “Bank”), a high-tech Banking Group, announce a new partnership to support Italian SMEs: b-ilty, Illimity's digital store of financial and credit services aimed at small and medium-size enterprises, expands its offering with Nexi's digital collection solutions.

As of today, Italian SMEs will be able to rent or purchase Nexi's collection products and services by accessing the b-ilty platform, thus equipping themselves with the best technology solutions available on the market that will allow them to accept any type of payment in a convenient, swift and secure manner.

Through the b-ilty portal, in fact, customers will be able to access a dedicated offering specially designed for them by Nexi and digitally request through the Nexi portal the products best suited to their needs. The signing of the contract is also carried out in a totally digital manner, thus providing for a practical and fast user experience, allowing entrepreneurs and SMEs to carry out the transaction from their own offices, at any time, without the need to go to a bank branch and without any paper documents.

Furthermore, the range of products made available by Nexi together with the b-ilty digital platform, will create an innovative and unique offering dedicated to SMEs to support them in a market that is increasingly demanding best-in-class technologies to meet the needs of various product categories.

Carlo Panella, Head of Direct Banking at illimity, commented: "The partnership with Nexi allows us to further expand the b-ilty offering by making available, once again, a simple solution that provides real support to businesses. b-ilty was, indeed, created to simplify SMEs' activities - the constant evolution of the offering will therefore continue along this path to keep ahead of the ever-changing and diverse needs of businesses."

The digital payments collection offering, the setup of the POS terminal and all technical support services are provided by Nexi - a guarantee of reliability that comes on top of the availability of a personal Relationship Manager for each b-ilty customer and Smart Care, the 24/7 professional call center provided by Illimity.

"The penetration of digital payments is growing significantly throughout Europe, including in Italy where they now account for about one-third of all payments and are steadily gaining momentum," said Giulio Vasconi, Head of Marketing Merchant Services & Solutions in Nexi. "The partnership with Illimity allows us to take another fundamental step towards the spread of digital collection solutions capable of tapping into the needs of SMEs and guaranteeing them tangible advantages in terms of efficiency, speed, reliability, increased business, as well as compliance with the latest regulatory requirements.

Additionally, this agreement makes it possible to meet the needs of an ever-growing number of SMEs that favor digital channels to purchase the most suitable products and solutions for their business”.

Related news & insights

Digital Reinvention
19/04/2024 Video

How NF Innova's FINTENSE enables banks digital leadership

Milan Pištalo, Sales & Operations Director at NF Innova, presents FINTENSE, a solution that transforms banks into digital leaders and...

Digital Reinvention
18/04/2024 Video

Qatar International Islamic Bank: Pioneering digital transformation in Islamic business banking

Georges Hobeika, Chief Information Officer, tells how he drives the bank digital leadership and also presents the digital trends in...

SME Banking
18/04/2024 News

OCBC introduces program to aid women entrepreneurs

The programme offers tailored financing solutions, educational workshops, and networking and mentorship opportunities.

Digital Reinvention
16/04/2024 Video

OTP Banka Srbija's digital transformation with NF Innova

Vuk Kosovak, Head of Retail and Executive Board Member at OTP Banka Srbija, explains how the bank has transformed into...

SME Banking
15/04/2024 Article

Innovation Masters: Banks at the forefront of women's business empowerment

A selection of innovative projects empowering female entrepreneurship, submitted for the Qorus Banking Innovation Awards in recent years by KCB,...

SME Banking
14/04/2024 News

ANZ NZ pumps $4 million into AgriZeroNZ for farm emissions reduction

ANZ Bank New Zealand is doubling down on its environmental commitment with a $4 million investment in AgriZeroNZ, a partnership...

Digital Reinvention
14/04/2024 News

NAB app streamlines online shopping with PayPal integration

This pioneering feature, a first in Australia, enables NAB users to effortlessly add and manage their preferred payment cards directly...

Digital Reinvention
11/04/2024 News

Santander brings Openbank, Europe's leading digital bank, to the US

Scheduled for launch in late 2024, Openbank's success in Europe, serving over two million customers with its user-friendly platform, foreshadows...