Digital Payments: Nexi Buys Sparkling 18

Nexi, the Italian company that provides payment systems and services, has announced the acquisition of Sparkling 18.

Nexi, formerly known as Central Institute of Italian Cooperative Banks(ICBPI), did not publish the financial values of the operation.

Sparkling 18 was selected thanks to its innovative approach on digital payments. The Italian startup is among the seven companies worldwide chosen by MasterCard as Platinum Digital Vendor

Why did Nexi choose Sparkling 18 out of the various Italian fintech startups? Roberto Catanzaro — Nexi’s Executive Director — has underlined that Sparkling 18 has a unique approach to improve the buying experience through smartphones.

Nexi believes that cash payments have been superseded by technology.
According to the Italian company, people and companies will soon only be making and accepting digital payments for everything.