Worldline completes the acquisition of Eurobank Merchant Acquiring activities
Paris La Défense, June 30, 2022 – Worldline [Euronext: WLN], a global leader in payment services, today announces the completion of the acquisition of Eurobank Merchant Acquiring activities, as part of its European consolidation strategy.
Eurobank Merchant Acquiring (EBMA) is a meaningful card acquirer in the very dynamic Greek market with 21% share of transaction volumes processed in the country. EBMA manages c. 219 million transactions acquired per year representing a payment volume of c. € 7 billion from a c. 190,000 POS network. The company serves a well-diversified and high-quality portfolio of 123,000 merchants of which more than 50% are SMBs in MSV terms.
This acquisition represents an opportunity for Worldline to strongly expand its Merchant Services activities in this dynamic Southern European market, still driven by the shift from cash to card with a significant electronic payments adoption rate and online and e-commerce development. In parallel, the exposure to the Greek economy fueled by the travel & hospitality industry offers added growth opportunities.
In this rapidly changing industry, driven by the customers’ adoption of numerous and innovative payment methods, Eurobank Merchant Acquiring is the ideal cornerstone to further deploy Worldline payment offerings and value-added services capabilities in the Greek market, combined with the large acceptance network of Cardlink (acquired in 2021) to offer end-to-end payment services.
As part of the transaction, Worldline enters a long-term commercial partnership with Eurobank aiming to leverage its strong banking network as a key commercial channel in order to distribute Worldline’s and EBMA best-in-class payment product and services to physical and online merchants.
As the European leader in payments, Worldline keeps executing its strategic roadmap with a focus on value-creative consolidation opportunities to enhance its scale, reach and direct presence in a growing number of countries in close partnership with leading local financial institutions.
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Worldline [Euronext: WLN] is a global leader in the payments industry and the technology partner of choice for merchants, banks and acquirers. Powered by 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and innovative solutions fostering their growth. Services offered by Worldline include instore and online commercial acquiring, highly secure payment transaction processing and numerous digital services. In 2021 Worldline generated a proforma revenue close to 4 billion euros. worldline.com
Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies. Worldline makes them environmentally friendly, widely accessible, and supports social transformation.
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