(CercleFinance.com) – Crédit Agricole and Worldline announce the creation of their joint venture in the field of electronic payment services for merchants in France. Both groups have received unconditional authorization from the European Commission.
During the first Board of Directors, which was held on March 19, 2024, Laurent Bennet, Managing Director of Crédit Agricole des Savoie, was elected Chairman of the Board of Directors and Meriem Echcherfi, appointed Managing Director. The commercial brand of the joint venture will be revealed soon.
The joint venture aims to become a major player in electronic payment services for merchants in France.
The joint venture is held at 50% of the capital plus one share by Worldline and will thus be fully consolidated. Crédit Agricole holds 50% of the capital less one share and will supervise the joint venture.