Through the joint venture, Worldline expands its merchant services footprint in the Italian market, whose growth is driven by the steady adoption of electronic payments, according to the company. Axepta Italy is an acquirer, with 200 million acquiring transactions per year (5% market share in MSV) from a 220,000 POS acceptance network.
Axepta’s customer portfolio of merchants will be integrated into Worldline’s global merchant services customer base. Going forward, Italian merchant customers will benefit from the roll-out of Worldline SMB offerings and its local acquiring capabilities to provide a comprehensive European footprint for large international and national customers, and the deployment of ecommerce and omnichannel solutions.
The Joint Venture is designed to be an open vehicle for welcoming both existing partners and other Italian banks willing to benefit from delivery and servicing, combined with scale and competitive cost structure.
For more information about Worldline, please check out the company profile in The Paypers Company Database.
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