(CercleFinance.com) – After receiving unreserved authorization from the European Commission, Crédit Agricole and Worldline announced the creation of their joint venture providing digital payment services for merchants in France.
Crédit Agricole and Worldline announced this morning that they would name their joint venture ‘CAWL’.
The joint venture aims to become a major player in payment services in France. It will rely on the technological performance and innovation capabilities of Worldline, particularly in the area of acceptance, and on the performance of the Crédit Agricole group in terms of acquiring merchants on the French market.
CAWL will offer all-in-one payment solutions, combining acceptance and acquisition and integrating value-added services specific to each sector of activity, offers by business verticals to allow them to concentrate on their activity.
These offers will allow merchants to access multi-currency, multi-country, multi-payment network services and alternative payment methods, based on a pan-European acquiring platform and personalized services. .
The joint venture is 50% plus one share owned by Worldline and will therefore be fully consolidated. Crédit Agricole holds 50% of the capital less one share and will supervise the joint venture.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
