Just month after completing the sale of its POS division, Worldline has announced the closing of the acquisition of 55% of the capital of SoftPos.eu, which transforms Android mobile devices into secure payment terminals.
Worldline completes 55% acquisition of SoftPos.eu
The acquisition is part of Worldline’s strategy to provide payment solutions adapted to all forms of commerce and move towards a more advanced POS terminal business.
Worldline strongly believes in the added value of FinTech in terms of commercialisation and product development, and its essential complementary role to the Group’s existing range of solutions for merchants.
Using SoftPos.eu’s technology, Worldline will optimise its broad business portfolio from integration to acquisition, and improve value for its customers across all market verticals.
Worldline Tap on Mobile
Based on the know-how of SoftPos.eu, Worldline will launch a new product line internationally – Worldline Tap on Mobile.
It is an end-to-end solution, based on an Android application, allowing all merchants of all sizes to accept payments using a smartphone, tablet, or a professional terminal, customers having only to tap their contactless bank card on the mobile device concerned.
The solution has been designed to accept the payment of small contactless amounts or higher amounts with the insertion of the PIN code on the screen of the mobile terminal.
In their quarterly statement Gilles Grapinet, CEO of Worldline, said: “During the third quarter of the year, Worldline posted a strong 10% organic revenue growth, benefitting from its superior competitive positioning, mostly attributed to Merchant Services’ strong commercial dynamics with continuous market share gains and steady volume growth.
In parallel, we closed the disposal of TSS, as planned. This important milestone simplifies Worldline’s Group structure and reinforces our balance sheet in a meaningful manner.
This will allow Worldline to continue to lead the European market consolidation, leveraging on its active pipeline of M&A opportunities.
During the quarter, we also enriched our value proposition for both instore and online merchants.
This has been notably done through the acquisition of a 40% stake in Online Payment Platform B.V. to comprehensively target the C2C marketplaces’ specific payment needs and to focus on significant growth opportunities in the B2B and B2C marketplace segments.
As part of our strategy to explore new adjacencies through technologies and products acquisitions, we also closed the acquisition of a 55% stake in SoftPos.eu”.
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