Worldline extends strategic partnership with PSA Payment Services Austria

By Megha Bhattacharya

Worldline and PSA Payment Services Austria GmbH have extended their partnership for a further five years with an aim to continue benefiting Austria’s digital payment system. Worldline will continue to process all transactions made using Austrian debit cards on PSA’s behalf.

Michael Steinbach, Managing Director Financial Services at Worldline, commented, “Worldline is a long-term partner and best in class of the banking industry. We are proud to have been able to accompany PSA on its innovative course and will continue to do so for many years.”

Under the partnership, Worldline processes approximately one billion transactions for PSA per year (2019). This includes approx. 770 million payment transactions carried out with the ten million Austrian debit cards directly or indirectly via NFC and mobile-based payment solutions, such as Apple Pay. In addition, the company handled approximately 137 million domestic and international ATM cash withdrawals and further 157 million service transactions.

David Ostah, PSA’s Chief Executive Officer, added, “As the central provider of the payment infrastructure, security, innovation and professionalism are critical for us. Worldline supports our innovative projects with global expertise and a pioneering spirit. Together, we look forward to bringing new payment offerings to the Austrian market.”

PSA is a central service provider of cashless payment systems to the Austrian banks. In Austria, SIX Payment Services, which became part of Worldline in late 2018, has been the central processor of all PSA card transactions since 2012.

Recently, Worldline announced a strategic cooperation with Danish FinTech and Mobility as a Service company, Unwire. The collaboration is expected to speed up digital payment technology in transportation and expand Worldline’s Mobility as a Service (MaaS) capabilities across the UK and Ireland as well as the rest of Europe.