Worldline and P3 Financial Group to empower payment ecosystems of the future in Nordics and the EU
Bezons, 3 December 2020 – Worldline (Euronext: WLN), the European market leader in payment and transaction services and #4 player worldwide, today announced a partnership with P3 Financial Group, a Fintech from Helsinki, Finland and the winner of Worldline’s E-Payments Challenge Special Prize in 2019. The two companies come together to make P3’s PSAAS (Payment System as A Service) operational in 13 European countries and offering real time commerce and payment service across the market.
P3 has developed a payments technology which enables payment acceptance, processing, identity and digital commerce effortlessly connecting consumers, merchants and financial institutions. P3’s end-to-end platform features a suite of tools and services that enable customers to quickly set up state-of-the-art payment systems. In combination with Worldline’s comprehensive payment solutions, users of the PSaaS can create digital payment ecosystems for intelligent commerce, digital banking, finance, and insurance serving consumers, merchants, and enterprises.
By joining forces in the digital space, Worldline and P3 Financial Group will be able to accelerate their growth in markets with enormous potential across Europe, such as Belgium, UK, Portugal, Spain, Greece, Luxembourg, Netherlands, Austria, Cyprus, Hungary, Switzerland, Finland, and Sweden.
P3’s PSaaS and products suite, powered by Worldline’s payments solutions and technology edge are designed to boost efficiency and support the evolution of a new generation of digital customers in the Nordics and Europe.
Worldline is committed to foster collaboration with Fintechs to co-create and deliver innovative digital payment solutions and services to the market. The partnership with P3 Financial Group is a testimony of that and further reflects the company’s view that Fintechs can and should play a key role in the ongoing digitisation process, as well as other challenges of the payments industry.
P3 Financial Group was the winner of Special Prize at Worldline’s e-Payment Challenge in 2019 for their truly digital “In-Store Instant cards Issuing In-App” – a challenge introduced by a French bank and Worldline’s customer. P3 Financial Group was also awarded as the most revolutionary fintech in Finland at the ‘Future Fintech Forum’ - November 2019
Vincent Roland, Head of Global Business Line Merchant Services at Worldline said: "At Worldline, we believe in giving Fintechs a chance to develop their potential and deliver innovation to the market through creativity, passion and professionalism. We are extremely proud to have signed a partner contract with P3 Financial Group. We are committed to continue supporting organisations that are helping societies go through difficult times with their amazing work.”
Hasan Malik, CEO at P3 Financial Group, added: “This is a very proud moment for P3 Financial Group. The partnership with Worldline gives us immense depth and reach across EU markets and connects the P3 platform services with one of the most advanced and robust financial services and payment processing infrastructure globally. The P3 partnership with Worldline centres on innovation and end user experience, both of which are close to our heart.”
Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2019 Worldline generated a proforma revenue of 5.3 billion euros. worldline.com
ABOUT P3 FINANCIAL GROUP
P3 Financial Group Oy. - an digital financial technology provider based in Helsinki, Finland - aims to change the current payment industry and the way businesses and consumers are financially transacting and interacting.
P3 has developed AI based financial technology which enables a real time flow of funds and financial services for digital societies, painlessly connecting consumers, merchants & financial institutions. P3 offers a comprehensive, end-to-end, platform equipped with a suite of tools and services, enabling institutions to quickly set up state-of-the-art payment ecosystems which include payment acceptance & processing, identity and digital merchant solutions for a variety of business types and market demands.
T +43 1 71701 6524