Worldline Inks a Strategic Partnership with Eurobank

Worldline, a global leader in the payments industry, announced that it has inked a binding agreement for the acquisition of 80% of Eurobank Merchant Acquiring (EBMA) activities, one of the largest acquirers in Greece.

According to the press release, the transaction enables Worldline to strongly expand its Merchant Services activities in this Southern European market.

As part of the deal, Worldline will enter into a long-term commercial partnership with Eurobank aiming to leverage its strong banking network as a key commercial channel in order to distribute Worldline’s and EBMA best-in-class payment product and services to physical and online merchants.

“I am very proud to announce the acquisition of Eurobank Merchant Acquiring. This operation is fully in line with our strategy to further expand our Merchant Services activities towards the South of Europe and at the same time allows us to leverage our footprint in Greece that was established earlier this year through the acquisition of Cardlink,”Gilles Grapinet, CEO of Worldline, said.

“The agreement we reached with Worldline regarding the cards acquiring business is fully in line with our strategic plan to focus on our core activities, while further strengthening our capital base. Our clients will benefit from a prime customer experience in a secure transaction environment, provided by a world leader in payment services with the global reach and the cutting-edge digital capabilities required in a fast-moving, tech-driven sector,”Fokion Karavias, CEO of Eurobank, added.

Earlier this month, Worldline announced that it is expanding its ecommerce payment solution to meet the specific needs of businesses looking to enter or expand their online operations in South Korea.