Worldline completes the acquisition of Eurobank Merchant Acquiring activities
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.
Forthcoming events
- July 27, 2022 H1 2022 results
- October 25, 2022 Q3 2022 revenue
Contacts
Investor Relations
Laurent Marie
+33 7 84 50 18 90
laurent.marie@worldline.com
Benoit d’Amécourt
+33 6 75 51 41 47
benoit.damecourt@worldline.com
Communication
Sandrine van der Ghinst
+32 499 58 53 80
sandrine.vanderghinst@worldline.com
Hélène Carlander
+33 7 72 25 96 04
helene.carlander@worldline.com
About Worldline
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.
Disclaimer
This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviours. Any forward-looking statements made in this document are statements about Worldline’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Worldline’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2021 Universal Registration Document filed with the French Autorité des marchés financiers (AMF) on April 25, 2022 under the filling number: D.22-0342.
Worldline does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.
This document is disseminated for information purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any securities in the United States or any other jurisdiction. Securities may not be offered or sold in the United States unless they have been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any U.S. state, or are exempt from registration. The securities that may be offered in any transaction have not been and will not be registered under the U.S. Securities Act or the securities laws of any U.S. state and Worldline does not intend to make a public offering of any such securities in the United States.
Attachment
