Nexi Reaches Partnership with Piteco on Digital Payment Solution

Nexi, the leading PayTech in Europe, and Piteco (PITE:IM), an Italian software house providing corporate treasury management and financial planning solutions, sign a partnership enabling large corporations and SMEs to have a new digital payment solution at their disposal.

The service, the result of the joint know-how and proprietary solutions of the two players, provides companies with an additional line of credit, as well as controlled, automated and secure management of authorization flows, to support a more rapid inflow of liquidity into the supply chain.

"The partnership with Piteco allows us to provide Italian companies with an innovative, reliable and secure tool that offers them tangible advantages in the daily management of their liquidity", said Alberto Panariello, Head of Cards Sales & Partnerships at Nexi, "This is a significant expansion of the range of services we offer businesses and proof of how digital payments can guarantee large corporations and SMEs efficiency, speed and better business management".

Paolo Virenti, CEO of Piteco, commented: "In a delicate moment like the current one, reducing payment times increasingly becomes a key factor in relations with partners and suppliers. Through this important partnership with Nexi, Piteco is proud to continue contributing to the creation of a true Supply Chain Finance culture. A culture that combines, on the one hand, the need to make processes seamless and more efficient, and on the other, the desire to operate in a manner consistent with the increasingly widespread and rigorous ESG policies that companies design and adopt. The commitment to generating value for all the stakeholders clearly identifies solutions designed to protect and support the supply chain of partners and suppliers as being essential tools."