Worldline Develops a Strategic Collaboration with Eurobank
It has signed an agreement to acquire 80% of Eurobank Merchant Acquiring activities.
One of the largest players in European payments and transactional services, Worldline announced a partnership with Eurobank today. The company is planning to expand its presence in the European region.
Worldline inked a binding agreement for the acquisition of 80% of Eurobank Merchant Acquiring activities. With that, the company has opened many doors for the expansion of its activities in Greece. Eurobank is one of the biggest acquirers in the region.
Worldline outlined the dynamic nature of the Southern European market. According to the company, the digital adoption rate in Greece is one of the highest in the region. Worldline termed the latest collaboration as a ‘strategic partnership’ to achieve its long-term goal.
“I am very proud to announce the acquisition of Eurobank Merchant Acquiring. This operation is fully in line with our strategy to further expand our Merchant Services activities towards the South of Europe and at the same time allows us to leverage our footprint in Greece that was established earlier this year through the acquisition of Cardlink. The combination of both companies will create a meaningful, comprehensive and leading position in the fast-growing Greek market that is driven by a steady ongoing adoption of electronic payments,” Gilles Grapinet, CEO of Worldline, commented.
Global Reach
In the past 6 months, Worldline has rapidly increased its global reach. Recently, the payments giant enhanced its e-commerce payment solution to meet the needs of the businesses in South Korea. According to Worldline, the latest acquisition will increase its revenues substantially. The closing is expected in Q2 of 2022.
“The agreement we reached with Worldline regarding the cards acquiring business is fully in line with our strategic plan to focus on our core activities, while further strengthening our capital base. Our clients will benefit from a prime customer experience in a secure transaction environment provided by a world leader in payment services with the global reach and the cutting-edge digital capabilities required in a fast-moving, tech-driven sector,” Fokion Karavias, the CEO of Eurobank, said.
