Nexi CEO Says Focus Remains Europe After Nets Deal

The transcript discusses the rapid growth of the payment industry, focusing on strategic mergers and acquisitions to strengthen company positions. It addresses antitrust concerns, emphasizing the evolving European market. The focus remains on Europe, with potential expansion westward. The industry trends towards digital and technology-centric operations, leading banks to partner with specialized companies. Valuation differences between companies are explained by their market focus. The impact of COVID-19 has accelerated the shift from cash to digital payments, affecting consumer and merchant behaviors.

What is the primary reason for the company's merger with Nets?

• To reduce operational costs

• To diversify into new industries

• To become the largest player in the European payment sector

• To enter the Asian market

Which region is the company focusing on for future growth?

• Europe

• North America

• Asia

• Australia

What trend is driving the consolidation of the payments business in Europe?

• Decline in online shopping

• Technological advancements and digital focus

• Increased cash transactions

• Rising interest rates

How are banks adapting to changes in the payment industry?

• By partnering with specialized payment companies

• By increasing cash reserves

• By investing in real estate

• By closing branches

Why does Adyen have a higher valuation than Nexi despite lower transaction volumes?

• Focus on the fast-growing e-commerce segment

• Higher number of employees

• Lower operational costs

• More physical branches

What impact has the pandemic had on payment systems?

• Increased use of cash

• Acceleration of digital payment adoption

• Decrease in online transactions

• Stagnation in payment technology

What is the company's approach to competition in the payment industry?

• Expanding into unrelated industries

• Reducing service offerings

• Focusing on strategic partnerships and mergers

• Offering higher cash incentives