|Formerly||Istituto Centrale delle Banche Popolari Italiane|
|Type||private società per azioni|
|Michaela Castelli (Chairman)|
|Products||Merchants and Financials Services|
|Revenue||3,26 billion  (2022)|
|693 million  (2022)|
|Footnotes / references|
in consolidated financial statement, data extracted from financial report and excluding minority interest: 38–41
Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments (formerly known as CartaSi). The bank was specialised as a central institution of Italian Popular Bank. (Italian: Banca Popolare).
Istituto Centrale delle Banche Popolari Italiane (ICBPI) was founded by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.
In 2006, it acquired Key Client Cards & Solutions, a spin-off of Deutsche Bank. Since January 28, 2008, the Automated Clearing House – ACH Sepa Compliant with ICCREA Banca has been activated. In April 2008, it incorporated the Centralized Services Joint Stock Company – Seceti. On 15 September, 2008, in Vienna ICBPI signed an agreement with Equens SE for the establishment of the Equens Italia joint venture, which will carry out the Automated Clearing House activity in Italy as insourcer of ICBPI and ICCREA.
At the end of 2008, the process of acquiring the majority of S.I. Holding (which controls 100% CartaSi S.p.A., Si Servizi S.p.A., Si Call S.p.A., Carta Facile S.p.A, CartaSi Capital S.p.A. and SiRe Business Services LTD), concluding the acquisition, following the obtaining of the required authorizations from the Italian Competition Authority, in particular the Bank of Italy and the Antitrust Authority, in June 2009.
In September 2010, the formalization of an agreement for the purchase of the custodian bank business from Banca Carige was announced for 19.5 million euro. In November 2010, the acquisition of the custodian bank activity from Banca Sella was announced, which at the same time became a shareholder of ICBPI with a 0.96% stake. In November 2010, the ICBPI was condemned by the Antitrust to pay a fine of 490,000 euros for agreements restricting competition in relation to the credit card sector, which was subsequently suspended by the Lazio TAR.
In 2015, the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR; the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.
In February 2017, ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.
In November 2017, the company was renamed to Nexi, while its card business was renamed from CartaSi to Nexi Payments.
On 5 October 2020, it was announced Nexi will merge with SIA S.p.A., will create one of Europe’s largest fintech groups.
On June 16, 2021, the merger deed with the Danish Nets was signed, which allows Nexi to expand its range of action at a European level; finally, on October 15, 2021, the Competition and Market Authority approved with indication the merger by incorporation of SIA spa into Nexi. This further step generates the first European group in the payment systems sector.
Nexi mainly operates on these activities: