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Payment Co. Nexi’s IPO Raises $2.3B

PYMNTS

The payment company is a credit card issuer and also an ATM manager, and its IPO comes in the wake of two other notable ones: Network International, which went public in London on April 10 and Adyen NV, scheduled for June in Amsterdam. The company posted a net income of 20 million euros last year and an operating revenue of 931 million euros.

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Can Legal Pot Thrive With Closed-Loop Payments?

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Governor Steve Sisolak (D-NV) has authorized what The Associated Press called a “limited marijuana banking system” for the state, a tourist mecca where recreational cannabis is legal. The bill authorizing the program, AB466 , gives an operational time frame for the program, running from Oct. Three-Year Pilot. population.

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