Nexi launches PagoinConto, a digital account to account system

Nexi launches PagoinConto, a new account-to-account digital payment system which, using Open Banking technology, will allow you to make payments quickly and easily directly from the current accounts of all Italian banks and some large international banks. The company announces it in a note. PagoinConto will be immediately available in Italy for merchant customers of Nexi and its partner banks, and in the future it will also be available for other entities of the group as well as for other PSPs as an alternative means of payment. The system, explains Nexi, is natively designed for a digital and mobile first experience, both for e-commerce and omni-channel / in-store payments. Easily and quickly integrate with payment gateways, back-end and store management software. This new solution, the note reads, “intercepts specific needs that are currently partially covered by other payment methods: in fact, PagoinConto allows you to collect in maximum security even the so-called ‘large tickets’, ie receipts exceeding 500 euros which, in Italy, 60% are still paid with traditional methods such as checks, cash or wire transfers. This is particularly relevant for sectors such as luxury retail, travel, hospitality. PagoinConto is also ideal for Telco, Utilities, Insurance and for all large ‘billers’, because it reduces reconciliation times and costs and reduces the number of late or incorrect payments, while offering a fast and modern shopping experience “.” Nexi PagoinConto is the new alternative payment method account to account based on open banking and available from today for all Italian consumers and merchants. It guarantees end customers a mobile first payment method for ecommerce and omnichannel purchases, it allows merchants and companies to manage payments even of high amounts with fast integration, native omnichannel, certainty of collection, irrevocability of payment, reduction of risks ” , said Renato Martini, Nexi Digital Banking Solution Director. “It is a highly scalable solution, potentially extensible to other markets and new use cases,” he concluded.