back Back

Worldline to buy Banco Desio merchant acquiring in Italy

By Gloria Methri

November 08, 2022

  • Banco Desio
  • FinTechs
  • France

Worldline, NIPL, mobile payments, EuropeFrench payments giant Worldline is aiming to boost its presence in Italy with the acquisition of Banco Desio’s merchant acquiring activities for around €100 million.

The company is also setting up a commercial partnership the Italian bank, to leverage its network to distribute Worldline’s payment products and services to merchants in Italy.

Banco Desio’s merchant acquiring portfolio delivers payment solutions to around 15,000 companies, generating about 40 million transactions per year. The deal builds on Worldline’s earlier acquisition of Axepta Italy and the set-up of the Worldline MS Italy joint venture.

Gilles Grapinet, CEO of Worldline, said, “This operation is fully in line with our strategy to further expand our Merchant Services activities towards the South of Europe and in Italy, a highly attractive and strategic market for Worldline. We intend to continue leveraging our footprint built last year through the acquisition of Axepta Italyand the set-up of the Worldline MS Italy joint venture.”

Reinforcement of Worldline presence in Italy

The latest acquisition announcement is in line with Worldline’s strategy to reinforce its presence in Italy, a highly attractive and strategic market. The country is the third largest euro economy in Europe with a cash penetration accounting for close to 76% of total payment volume in 2021.

As an additional characteristic, Luxury and Retail market is one of the most important sectors of the Italian economy and a key pillar of its economic growth. In addition, with close to 100 million tourists per year, Italy is one of the most visited countries in Europe and in the world.

The factors represent a very attractive feature of the Italian payment market offering numerous additional growth opportunities in a post-Covid context by leveraging the Worldline portfolio of Luxury & Retail and Travel & Hospitality solutions.

Previous Article

November 08, 2022

CereTax and Peisner Johnson partner to bring sales tax automation and compliance operation

Read More
Next Article

November 08, 2022

Car IQ and Kaylee Bryson partner to demonstrate the latest in mobile payment technology

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024

Banco Desio

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024