Nexi lands the digital euro network, and a 5bn pound UK interchange claim

PayLens Newsletter · Tuesday 3 November

TOP STORY

Nexi lands a decade inside the digital euro

The ECB picked Nexi, bidding with Deutsche Telekom, as one of two Network Service Providers for the digital euro, on a ten-year agreement that covers the pilot. The grouping will interconnect the platform's data centres and give PSPs and national central banks access to it.

No other commercial acquirer sits in the scheme's core infrastructure rather than at its merchant edge. Nexi is already in the offline-solution framework and among the 36 pilot PSPs, so the award compounds a position nobody else holds, and it sets the connectivity path everyone else's digital euro traffic will take.

The Paypers · Read the article

• A million UK merchants line up against interchange

  Harcus Parker and Hausfeld filed collective proceedings at the UK Competition Appeal Tribunal on 26 October over Visa and Mastercard interchange from October 2020 to October 2026. If certified, about one million businesses under 100 million pounds of revenue are in unless they opt out.

  UKRegulatory

• Adyen drops its medium-term margin target

  Net revenue rose 23 percent to 738.1 million euros on processed volume of 451.1 billion euros, up 30 percent. But Adyen now guides to a 50 percent EBITDA margin for 2026 and has discontinued its medium-term EBITDA objective, citing accelerated investment in team, platform and products.

  EUFinancial

• Wero opens to Dutch webshops as iDEAL starts to go

  From 26 October customers of eleven Dutch banks can pay online with Wero, and payment service providers can roll it out to webshops in phases. EPI wants the iDEAL migration finished by end-2027, with subscriptions in Q2 2027 and purchase protection only from 1 January 2028.

  NLProduct

• Worldline's merchant net-net revenue goes flat

  Merchant Services grew 4.0 percent organically to 759 million euros, but its net-net revenue, which strips out scheme and partner fees, was flat for the first quarter since Q2 2024. Group revenue reached 946 million euros, up 2.5 percent, and portfolio pruning is now complete.

  EUFinancial

• Bizum Pay reaches Spanish supermarket tills

  Eroski and its Caprabo banner now take Bizum Pay at the till, starting in Catalonia and spreading as individual banks enable in-person Bizum. Carrefour, Alcampo and Lidl are also reported as accepting, Mercadona is still piloting, and Bizum has yet to publish merchant fees.

  ESCompetitive win

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