Worldline has entered into a multi-year agreement with Garanti BBVA International N.V. to implement its cloud-based instant payments solution.
The collaboration aims to enable the bank to comply with updated European Union regulations on instant payments while advancing its digital transformation efforts.
The partnership allows GarantiBBVA International to integrate a platform designed for mid-size banks, facilitating compliance with regulatory standards for real-time payment processing. The solution also focuses on operational efficiency, scalability, and security, enabling the bank to improve its payment offerings and overall performance.
The adoption of Worldline’s technology will enable GarantiBBVA International to send and receive instant payments in line with EU requirements. Additionally, the platform is expected to support the bank’s broader digital transformation goals by providing faster implementation times and increased operational reliability.
Worldline emphasises that its cloud-based solution was created to address the specific needs of mid-size financial institutions. The system offers features such as scalability and secure fund transfers, ensuring banks can meet regulatory demands while delivering real-time services to customers.
Representatives from Worldline highlighted the company’s focus on equipping banks with tools to excel in the instant payments sector, stating that this partnership reflects their wider commitment to innovative and scalable solutions.
GarantiBBVA International also expressed optimism about the collaboration, citing their long-standing relationship with Worldline for SEPA payments. The bank noted that the new platform would help it not only comply with regulations but also provide customers with faster and more reliable payment services.
In October 2024, Worldline announced the launch of its account-to-account payment method, Bank Transfer by Worldline. Expected to become available in 14 European countries by the end of 2024, Worldline’s solution intends to allow retailers to accept payments, completing the existing payment services suite provided to merchants.
In addition, Bank Transfer by Worldline focuses on addressing specific payment circumstances that traditional methods overlook, including invoices and high-value transactions. The solution aims to offer a simplified and secure payment experience for customers and businesses across Europe.
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