Worldline, a global leader in payment services, and Banca del Fucino, a regional Italian bank, have announced a strategic partnership on October 5th 2023. The partnership is expected to benefit both companies and their customers. With this partnership, Worldline gains access to Banca del Fucino's customer base and expertise in the Italian market. Banca del Fucino will be able to offer its customers a wider range of payment solutions and services.
Why Worldline acquired Banca del Fucino?
Worldline acquired Banca del Fucino's merchant acquiring business for a value of 25M€ for a number of reasons, including:
To expand its market share in Italy. Worldline is already a provider of payment services in Italy, but the acquisition of Banca del Fucino's merchant acquiring business will give it an even larger market share. This will allow Worldline to better serve its customers and expand its product offerings.
To gain access to Banca del Fucino's customer base. Banca del Fucino has over 3,000 merchant clients and 5500 Point of Sales, which will give Worldline access to a new base of potential customers. This will allow Worldline to grow its business and increase its revenue.
Overall, the acquisition of Banca del Fucino's merchant acquiring business is a positive step for Worldline. It will allow the company to expand its market share in Italy, gain access to a new base of potential customers, and gain access to Banca del Fucino's local expertise and technology.
In addition to the above reasons, the acquisition of Banca del Fucino's merchant acquiring business is also in line with Worldline's overall strategy of expanding its reach in Europe and becoming the leading provider of payment services in the region.
What type of synergies is Wordline looking to gain from this partnership?
Overall, the partnership between Worldline and Banca del Fucino is likely to benefit both companies. Worldline will be able to expand its market share and gain access to a new base of potential customers. Banca del Fucino will be able to offer its merchant clients a wider range of payment services and financial products.
Here are some specific cases of how Worldline and Banca del Fucino could collaborate to achieve synergies:
Worldline can help Banca del Fucino's merchant clients to develop and implement e-commerce payment solutions.
Banca del Fucino can help Worldline to market new financial products and services to merchants.
Worldline could help Banca del Fucino to reduce its costs by centralizing certain back-office operations.
Worldline on an acquisition spree for European dominance
Worldline has acquired a number of companies in recent years, among others including:
Online Payment Platform (2022): OPP is a Polish company that provides e-commerce payment processing services. The acquisition of Online Payment Platform will give Worldline a stronger presence in the Polish e-commerce market.
SoftPos.eu (2022): SoftPos.eu is a Polish company that provides mobile point-of-sale (POS) solutions. The acquisition of SoftPos.eu will allow Worldline to offer its customers a wider range of mobile payment solutions.
Merchant acquiring activities of Banco Desio (2022): Banco Desio is a regional Italian bank. The acquisition of the merchant acquiring activities of Banco Desio has given Worldline a stronger presence in the Italian merchant acquiring market.
Ingenico (2020): Ingenico is a French multinational company that provides payment solutions to merchants and financial institutions. The acquisition of Ingenico made Worldline the largest payment processor in Europe.
Worldline's acquisition strategy is focused on acquiring companies that can help it to expand its reach, product offerings, and customer base. The company is also focused on acquiring companies that have innovative technologies and expertise that can help it to improve its own solutions.
Conclusion
The company is now one of the leading payment processors in the world, and is well-positioned to continue its growth in the years to come, while the competition in this space heating up.
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