Nexi and Compass have announced a strategic partnership to expand the Buy Now Pay Later (BNPL) payment journey to a growing number of retail outlets.
The collaboration means that Compass’ BNPL digital solution PagoLight will be available on Nexi SmartPOS, increasing its presence across retail outlets.
Filippo Signoretti, Merchant Solutions Director of Nexi Italy, commented: “The agreement we signed with Compass is in harmony with our European PayTech positioning, which is focused on bringing our partners and merchants innovative solutions for business development.
“In particular, this partnership allows us to provide merchants with a Buy Now Pay Later service which can be used by their customers in physical shops through Nexi SmartPOS in a simple, immediate and secure way, thus increasing sales opportunities.”
This will allow Nexi’s partner banks to provide retailers with a solution for deferred payments directly integrated into the payment terminal.
Francesco Caso, General Manager of Compass, commented on the deal: “Thanks to this strategic agreement we are strengthening our presence in the Buy Now Pay Later market, particularly in the physical channel where, through Nexi, we will be able to bring our innovative deferment solutions to merchants and final customers throughout Italy.
“The partnership with Nexi represents an important milestone for Compass that is consistent with the objectives of the Mediobanca Group’s Strategic Plan to 2026 One Brand – One Culture, which foresees in the development of PagoLight an important driver for the growth of the Consumer Finance division, leveraging innovation and risk assessment capabilities, which have always been distinctive factors for Compass.”
