Worldline Completes Strategic Acquisition of Eurobank's Merchant Acquiring Business in Greece

Worldline, a global leader in payment services, announces the completion of its acquisition of Eurobank's Merchant Acquiring business in Greece. Effective as of 30 June, Worldline has formed a joint venture with the bank in which it will hold 80% stake of the new company in Greece. 

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In a region that is very much driven by the shift from cash to card, significant electronic payments adoption rate and online and e-commerce development, this acquisition is another opportunity for Worldline to expand its services for merchants in the Southern Europe.

Gilles Grapinet, CEO of Worldline said: "I am very pleased that we can today officially launch our joint-company with such a leading banking partner as Eurobank, in Greece, that is a very strategic country for us. With Eurobank, we ambition to offer to all Greek merchants our best-in-class payment solutions, products and expertise that will make their business grow even further and we are proud to bring our contribution to the ambitious plans of the country and its government to accelerate digitization of its economy. For Worldline, this second major investment in the Greek market after our recent acquisition of Cardlink in 2021, is a testimony of our trust and commitment to Greece, its economy and its dynamic retail environment and a perfect example of the execution of our pan-European consolidation strategy."

Fokion Karavias, CEO of Eurobank said: "We are pleased to partner with Worldline, a true leader in global payment services. Through our long-term partnership, our Greek customers will continue to enjoy best-in-class service in a rapidly evolving field. Greek businesses, both physical and online, will benefit from the products delivered by Worldline's cutting-edge technologies through Eurobank's retail network."