Cassa Centrale Banca Group and Worldline Italia conclude agreement on strategic partnership in merchant acquiring
The collaboration covers the provision of services along the value chain of digital payment acceptance and international acquiring for the 66 member banks of the Cassa Centrale Group.
Rome — 01 / 07 / 2024
Gruppo Cassa Centrale, Italy's leading cooperative banking group, and Worldline [Euronext: WLN], a global leader in payment services, announce that they have entered into a strategic partnership agreement in merchant acquiring following the exclusive negotiation that had been granted to the Italian subsidiary of the international payments group.
The collaboration covers the provision of services along the value chain of digital payment acceptance and international acquiring, for the 1,480 bank branches of the Group's 66 member banks affiliated with Cassa Centrale across Italy.
The project involves the supply and management of POS terminals and exclusive contracting for international circuits for about 100,000 POS terminals, generating transacted volumes of more than 9 billion euros in 2023.
For the Cassa Centrale Banca Group, the initiative aims to further improve the quality of POS services offered to merchant customers by relaunching the offering with innovative and more competitive products and services on the market.
The agreement also enables the Cassa Centrale Banca Group to generate medium-term benefits and implement one of the initiatives in the Group's Strategic Plan 2023-2026.
For Worldline, this partnership will further consolidate its prominent position in the Italian payments market.
Worldline's expertise in Italy and around the world will ensure added-value in terms of innovation and evolution of the product portfolio for the benefit of the customers of the Group's Banks, who will be able to benefit from specialized and innovative solutions for a better customer experience with a consequent positive effect on their business.
Sandro Bolognesi, CEO of Cassa Centrale Banca, comments: "The important agreement signed today with Worldline Italia allows us to consolidate our competitive position in e-money. In line with the Strategic Plan guidelines, we are taking a concrete step towards the adoption of technologically advanced solutions to improve the customer experience of our affiliated banks".
“This agreement with a major Group such as Cassa Centrale testifies to our ability to provide the Italian market with a comprehensive, competitive and innovative offering. Our unique offer and service model in the market combines international experience and local Italian know-how, through which we are able to offer a distinctive service that in turn banks can offer to corporate clients, also guaranteeing a significant implementation of revenues from Acquiring activities. This partnership combines with the numerous collaborations with major Banking Institutions in the country with whom we work with mutual satisfaction”, declared Stefano Calderano, Amministratore Delegato di Worldline Merchant Services Italia.
The agreement is subject to approval by the relevant Authorities.
WORLDLINE
Worldline [Euronext: WLN] helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023. worldline.com
INFORMATION ABOUT CASSA CENTRALE BANCA GROUP
The Cassa Centrale - Italian Cooperative Credit Group has 66 BCC - Rural Banks - Raiffeisenkassen and 1,480 branches throughout Italy, more than 12 thousand employees and over 470 thousand Cooperator Members. With balance sheet assets of 89.6 billion euros, as of 12/31/2023, the Group ranks among the top 10 nationwide.
CONTATTI STAMPA WORLDLINE
Valeria Piazza
Marketing & Communication Manager Worldline Merchant Services Italia
M +39 334 6378823
E valeria.piazza@worldline.com
Luca Ricci Maccarini
Ufficio stampa - Lifonti & Company
M +39 349 7668028
E luca.maccarini@lifonti.it
Federica Gallazzi
M +39 349 1011677
E federica.gallazzi@lifonti.it