Nexi sells payment provider Ratepay to Affirm

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Nexi is selling payment provider Ratepay to buy now, pay later company Affirm and has signed a memorandum of understanding with Affirm to expand their existing partnership in Germany, Austria and Switzerland and explore new opportunities. The transaction is subject to customary regulatory approvals and is expected to close in the first half of next year; after closing, Nexi will provide transitional support to Ratepay and Affirm.