Commerzbank has chosen Nets, part of the European PayTech Nexi Group, to develop a streamlined and scalable solution for processing credit, debit, and prepaid cards which will be managed by Nets going forward.

Torsten Hagen Jørgensen, Head of Issuing Solutions in Nexi Group, says: "Across the Nexi Group, we have gained extensive experience along the entire value chain of digital payments for years. Being trusted by Commerzbank to offer our modular, flexible, and customer-focused services is a key milestone for our issuing solutions business in Germany.”

The DACH region is an important potential growth area for Nexi, and the ambition is to continue to consistently expand its market presence also offering innovative issuing end-to-end services with modularity, short time-to-market and scaling at its core.