Worldline acquires GoPay, strengthens its ecommerce position in Eastern Europe

Thursday 23 April 2020 13:25 CET | News

Worldline, one of the European leaders in payment and transaction services, has announced that it has acquired a majority stake in GoPay, a player in online payments in Eastern Europe.

With this acquisition, Worldline expects GoPay to further reinforce the company’s Merchant Services business and strengthen its Central and Eastern European market position. The announcement forms part of the company’s Q1 2020 financial results announcement, which also underlines Worldline’s M&A strategy. 

GoPay is one of the leading online collecting payment services providers for small and medium sized businesses in Central Europe including Czech Republic, Slovakia, and Poland, offering a wide range of local payment means and serving more than 9,000 online shops. GoPay is expected to contribute to building the profile of Worldline’s global Merchant Services business by developing the company’s online collecting capabilities in the fast-growing Eastern European market. 

Additionally, the acquisition strengthens Worldline’s market position in the Czech Republic and its partnership with Komercni Banka. Furthermore, 45 payment experts from GoPay will be joining at the time of closing, which is expected to expand Worldline’s local expertise in digital go-to-market. 

Under the terms of the agreement, Worldline will take over 53% of the stake in GoPay and is entitled to acquire the remaining shares in 2022. This transaction is expected to close in Q3 of 2020.

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Keywords: Worldline, GoPay, acquisition, M&A, merchant, Europe, payment services providers, online payments
Categories: Payments & Commerce
Countries: Europe
This article is part of category

Payments & Commerce