Italian companies Olivetti and Nexi are collaborating to develop payment options for the retail sectors.

IoT and office computer specialist Olivetti, a subsidiary of Italian mobile operator TIM, has started a business collaboration with pay-tech company Nexi.

The agreement sees the two companies pooling their respective expertise to add Nexi’s digital payment technology to Olivetti’s cash systems. Together, the two companies will embark on a shared path to develop and market integrated fiscal and payment technology for the retail sector.

A commercial collaboration is also planned for disseminating Nexi products through the Olivetti sales network, which has more than 300 business partners including dealers and distributors and a widespread presence throughout the country.

The partnership, confirmed by the signing of a memorandum of understanding (MoU), will make retail payments and cash systems more complementary, with the aim of speeding up a more widespread use of electronic payments.

Thanks to this technology, merchants will be able to subscribe to a single offer for a cash register and a digital payment service, as well as to improve day-to-day business management, benefiting from an integrated service that offers a secure and fast shopping experience.

Olivetti holds a significant share of the Italian cash register market and, by offering complete digital payments thanks to agreements with fintech companies, it is consolidating its role as digital payment provider for the TIM group.

Headquartered in Ivrea, in Turin, Olivetti has been part of the TIM group since 2003.