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Worldline Closes Acquisition of Card Acquirer Eurobank Merchant Acquiring Activities.

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Vincent

MANews-(C)2009-2022

French payment services company Worldline (Euronext: WLN) has closed the acquisition of Eurobank Merchant Acquiring activities, as part of its European consolidation strategy, the company said.

Eurobank Merchant Acquiring is a card acquirer in the Greek market with 21% share of transaction volumes processed in the country.

EBMA manages c. 219m transactions acquired per year representing a payment volume of c. EUR 7bn 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 and 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...

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