Worldline, OP Financial Group extend partnership with a 12-year agreement

By entering the new 12-year agreement with OP Financial Group, Worldline aims to further solidify its position as a participant in the payment services industry while also underscoring its capabilities as a long-term partner. Additionally, the move highlights the scaling demand for optimised solutions among large financial institutions. Since the start of their collaboration back in 2015, Worldline and OP Financial Group made several advancements, including a comprehensive improvement of the latter’s payment infrastructure.

The announcement comes just a few days after Worldline and FreedomPay formed a strategic partnership to optimise payment solutions within the travel and hospitality sector. As part of their alliance, the two companies intended to launch acquiring services and gateway capabilities to businesses across Europe, with the potential to expand into retail and other industries in the future.

Worldline and OP Financial Group’s plans

Over the next 12 years, Worldline and OP Financial Group plan to further deepen their collaboration. Initially, the two companies intend to focus on transformation including the migration to Worldline’s back-office platform. The tool is set to set the foundation for offering augmented card payment services to OP Financial Group’s customers, such as accelerated transaction processing, scaled security capabilities, and digital payment solutions, while also ensuring simplified operations across the bank’s card products.

Moreover, Worldline’s partnership with OP Financial Group underlines the company’s capabilities, with it centring its efforts on offering scalable solutions that meet the needs, demands, and preferences of modern banking. Commenting on the news, representatives from Worldline mentioned that, through this renewal, the company intends to support OP Financial Group’s operations while also advancing its position in the industry. 

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