Nexi has entered into an agreement with French IN Groupe which is to take over its eID business. This acquisition is in line with the strategy of both groups: to reinforce IN Groupe's role as European leader in digital identity, and further strengthen the position of Nexi as the leading European PayTech. Nexi has entered into an agreement with IN Groupe, a specialist in identity and secure digital services, who will take over the ownership of the eID business. The strategic ambition of Nexi is to further strengthen the position as the leading PayTech in Europe and in the context of the portfolio rationalisation and simplification process announced at the Capital Markets Day in September 2022 the divestment is in line with the strategic direction presented.
source: www.biometricupdate.com