Akin Gump Advises Alpha Bank on Digital Payments Joint Venture with Nexi

(London) – Akin Gump has advised Alpha Bank S.A. on its successful strategic partnership with payments specialist Nexi S.p.A. (Nexi), which completed on June 30. The partnership has resulted in the creation of “Nexi Payments Greece,” which will provide innovative merchant solutions and digital payment acceptance products and services to the Greek market.

The joint venture between Alpha Bank and Nexi will encourage the uptake of digital payment services in Greece by upgrading payment technologies for merchants and businesses. Nexi Payments Greece aspires to bring the country a step closer to digital transformation and a cashless payments culture. 

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Akin Gump corporate partner Gavin Weir, who led the team advising Alpha Bank, said “Alpha Bank’s strategic partnership with Nexi is an important milestone in the acceleration of the digitalization of Europe’s payment market. We are seeing a number of similar strategic partnerships and M&A deals involving European banks and payment specialists which will benefit merchants, businesses and consumers. Our team has a long-standing relationship with Alpha Bank, and we are pleased to have supported the bank on such an important strategic transaction. This is also a testament to the depth and breadth of our London corporate team which continues to go from strength to strength.”

Alongside Mr. Weir, the Akin Gump team included corporate counsel Christopher Beardmore on M&A aspects, and partners Davina Garrod and Scott Pettifor advising on antitrust matters.

Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East.

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