Worldline, a European payment and transactional services provider, and Equens, a European payment service provider, have signed a Memorandum of Understanding (MoU) on a strategic transaction aiming to create the new pan-European joint business in payments.
Worldline and Equens consider this step as a consolidation move towards the European payments market. The strategic aim of the new entity is to be an innovative payment service provider for financial institutions and corporates in Europe.
Michael Steinbach, Equens’ CEO states: “Because of the complementarity of the service portfolios of Worldline and Equens, current clients from both companies will substantially benefit in terms of an enlarged product portfolio and time-to-market. Based on that, the Equens Worldline Company will create new business opportunities.”