French Company Worldline Acquires Banca del Fucino's Merchant Acquiring Activities

Published 9 months ago

Worldline, a French payments company, has entered into an agreement to purchase the merchant acquiring activities of Italian lender, Banca del Fucino. The two firms announced the arrangement in a joint statement.

A Deal Worth 25 Million Euros

Worldline’s Italian unit is set to pay 25 million euros ($26.3 million) for the business, with the transaction expected to close within the next three months.

The Scope of the Purchase

Last year, Banca del Fucino’s merchant acquiring services were utilised by more than 3,000 shopkeepers at approximately 5,500 points of sale. This resulted in a business volume of about 500 million euros.

The Long-term Partnership

The deal also includes a long-term partnership, with Worldline’s acquiring services to be distributed to clients through Banca del Fucino’s 36 branches in Italy, all located in Rome.

Worldline’s Expansion in Italy

The agreement with Banca del Fucino is another step in Worldline’s expansion in Italy, particularly in the wake of increased use of e-commerce platforms and smartphones. Recently, the French firm acquired Banco Desio’s merchant acquiring activities for around 100 million euros.

Related news