Worldline wins contract extension with PayPal and facilitates mobile payments in Latin America
Bezons, 2. September 2019 – Worldline [Euronext: WLN], the European market leader in payment and transaction services, announces the extension of its contract with PayPal for an additional 3 years. Under the terms of the agreement, Worldline will continue to facilitate mobile payment processing in Brazil and Mexico, thus supporting the tremendous growth of mobile payments in Latin America.
The relationship between PayPal and Worldline dates back to 2006, when Worldline supported PayPal with one of the first industrial solutions available in the mobile payments space. Since then, Latin America’s growth rates in mobile payments have significantly exceeded the global trends in customer behaviour. According to Ovum, the number of mobile payment users in the region will triple, with transactions increasing seven-fold over the period 2017-2021.
Vincent Roland, Managing Director Merchant Services of Worldline, said: “Worldline is excited to be working for one of the world’s largest players in cashless payments. Facilitating mobile payments for PayPal in Latin America is a high volume business, and we are well positioned to manage the expected continuous growth rates.”
Federico Schumacher, General Manager for Paypal Brazil and Mexico, said: “I am pleased about the expansion of PayPal’s relationship with Worldline. Being able to work with a familiar and trusted partner is an asset in the fast-paced environment of digital payment.”
Worldline [Euronext: WLN] is the European leader in the payment and transactional services industry. With innovation at the core of its DNA, Worldline’s core offerings include pan-European and domestic Commercial Acquiring for physical or online businesses, secured payment transaction processing for banks and financial institutions, as well as transactional services in e-Ticketing and for local and central public agencies. Thanks to a presence in 30+ countries, Worldline is the payment partner of choice for merchants, banks, public transport operators, government agencies and industrial companies, delivering cutting-edge digital services. Worldline’s activities are organized around three axes: Merchant Services, Financial Services including equensWorldline and Mobility & e-Transactional Services. Worldline employs circa 11,000 people worldwide, with 2018 pro forma revenue of 2.2 billion euros. worldline.com
As a European leader in means of payment and transactional services, Worldline has a strong track record of knowledge and insight. In order to share its understanding of the payments sector, Worldline regularly produces dedicated publications which provide in-depth understanding into what is a fast moving and rapidly evolving market. Below are the links to the latest versions of:
White Paper: https://engage.worldline.com/howwillwep
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