Nexi, a provider of payment services, agreed to acquire the merchant acquiring business of BPER, a banking group, and the POS management business, from Banco di Sardegna, a banking services provider, for $410m. The transaction strengthens the relationship between Nexi and its long‐term partner BPER, which will be able to adopt the technological solutions and the innovative services developed by Nexi while maintaining an economic exposure to the business itself for the entire duration of the agreement.