Worldline merges with Ingenico

Worldline merges with IngenicoImage courtesy of Worldline.

Global payments providers, Worldline and Ingenico, have combined under Worldline to create the largest European payment services provider, according to a press release. A Worldline spokesperson told this website he could not comment on the terms at the present time because the acquisition offer has not been made available to U.S. investors. Worldline announced last month it received merger control clearance from the European Commission for the planned acquisition of Ingenico.

The merger of the two France-based companies will provide a wider range of digital payment capabilities through integrated payment solutions, improved technology, enhanced innovation capabilities and an extended global footprint, according to the press release.

“Having the scale and now global capabilities, we have reshaped our group entirely in order to support, now more than ever, our clients, merchants and banks in particular, enabling them to rely on state-of-the-art electronic payment services to accelerate their own growth as well as their digital transformation strategy,” Gilles Grapinet, chairman and CEO of Worldline, said in the press release. “Despite the difficult times we are all facing at the moment, I have never been this confident in the group’s potential and future and in its 20,000 employees.”

The merger makes Worldline the largest European provider of payment services and the fourth largest player worldwide with pro forma 2019 revenue of 5.3 billion euros ($6.18 billion) and a presence in 50 countries, according to the press release.

Worldline payment services include online payments, omnichannel solutions and payment terminals, and provides digital banking to 1 million merchants and 1,200 banks and financial institutions.