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Payments and policies: Nexi-Net Insurance agreement

When making a digital payment, users of Nexi's partner banks can instantly activate tailor-made temporary insurance relating to the product or service purchased

Payments and policies: Nexi-Net Insurance agreement

nexi, the first Italian company in the digital payments sector, has signed an agreement with the insurance company Net Insurance, which thus becomes a partner of Nexi Open, the set of services of open banking launched by Nexi in mid-April.

Under the new agreement, Net Insurance products will be available to allied banks of Nexi. In this way, credit institutions will be able to offer customers insurance policies that can be activated quickly via the internet.

From today, therefore, when users of Nexi's partner banks make a digital payment, they can activate it instantly tailor-made temporary insurance relating to the product or service purchased. For example, it will be possible to insure plane or train tickets, luggage or equipment, or it will be possible to obtain coverage for any accidents during sporting activity.

The products offered by Net Insurance also include individual policies for customers who work in the business, in the services and in .

Thanks to the new agreement, therefore, banks can broaden the perimeter of the offer, guaranteeing new services that intertwine digital payments and insurance contracts.

“Nexi Open is our Open Banking platform created to provide banks with useful solutions to improve customer satisfaction and to develop new sources of profitability – he says Daniel Gabbai, number one in the section that deals with Nexi's strategic partnerships – The agreement with Net Insurance is a fundamental step in the project to build a partnership ecosystem that we make available to banks, thus confirming our role as their PayTech ally” .

Andrew the Baptist, CEO of Net Insurance, underlines instead that "the agreement with Nexi is a fundamental step for the Company's digital positioning", because "the agreement marks the official entry of Net Insurance into the Open Banking ecosystem, one of the strategic drivers of innovative processes in the banking, finance and insurance sectors”.

Nexi had published on Tuesday accounts for the first quarter.

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