Nexi and Visa have announced a partnership to scale managed issuing solutions in Germany. The partnership aims to help banks modernise card issuing.
The payments sector continues to evolve.
This evolution is driven by ongoing technological development, increased fraud and security requirements, advances in wallets and tokenisation, regulatory obligations, and rising expectations for digital customer experiences.
Under the long-term agreement, Nexi will provide end-to-end managed issuing services for banks offering Visa cards.
The model reduces operational complexity and shortens time-to-market, while giving banks access to ongoing product and service updates.
Nexi will manage implementation, operations, compliance, and product development. This allows banks to focus on customer-facing services.
Nexi bases its approach on its “fully managed product” model, which already operates in Italy. In Germany, Nexi will deliver this through Nexi Ready.
This enables banks to launch card products without building or maintaining full issuing infrastructure internally.
The offering supports a range of card programmes.
These include premium products for affluent customers, SME and business cards with control features, and digital-first youth-focused cards with simplified onboarding.
Christian Segersven, Co-lead of Issuing Business at Nexi Group, said:
“This partnership with Visa will accelerate a paradigm shift in the way issuers in Germany are supported by third-party specialists like Nexi.”
Visa said the collaboration reflects a shift in how banks approach issuing.
Tobias Czekalla, Country Head, Visa Germany, said:
“Nexi brings a proven ability to deliver scalable payments capabilities and a new era of fully managed issuing products. This collaboration recognises the need for banks to modernise faster. It also allows them to benefit from Visa’s global network, innovation drive and security expertise.”
Both companies will work together to roll out the model in the German banking market.
Featured image credit: Edited by Fintech News Switzerland, based on image by freepik
