The collaboration covers the provision of services along the value chain of digital payment acceptance and international acquiring for the 66 member banks of the Cassa Centrale Group.
Gruppo Cassa Centrale, Italy’s leading cooperative banking group, and Worldline, a global leader in payment services, announce that they have entered into a strategic partnership agreement in merchant acquiring following the exclusive negotiation that had been granted to the Italian subsidiary of the international payments group.
„The collaboration covers the provision of services along the value chain of digital payment acceptance and international acquiring, for the 1,480 bank branches of the Group’s 66 member banks affiliated with Cassa Centrale across Italy.” – according to the press release.
The project involves the supply and management of POS terminals and exclusive contracting for international circuits for about 100,000 POS terminals, generating transacted volumes of more than 9 billion euros in 2023.
„For the Cassa Centrale Banca Group, the initiative aims to further improve the quality of POS services offered to merchant customers by relaunching the offering with innovative and more competitive products and services on the market.” – the company explained.
The agreement also enables the Cassa Centrale Banca Group to generate medium-term benefits and implement one of the initiatives in the Group’s Strategic Plan 2023-2026. For Worldline, this partnership will further consolidate its prominent position in the Italian payments market.
Sandro Bolognesi, CEO of Cassa Centrale Banca, comments: „The important agreement signed today with Worldline Italia allows us to consolidate our competitive position in e-money. In line with the Strategic Plan guidelines, we are taking a concrete step towards the adoption of technologically advanced solutions to improve the customer experience of our affiliated banks”.
“This agreement with a major Group such as Cassa Centrale testifies to our ability to provide the Italian market with a comprehensive, competitive and innovative offering. Our unique offer and service model in the market combines international experience and local Italian know-how, through which we are able to offer a distinctive service that in turn banks can offer to corporate clients, also guaranteeing a significant implementation of revenues from Acquiring activities. This partnership combines with the numerous collaborations with major Banking Institutions in the country with whom we work with mutual satisfaction”, declared Stefano Calderano, Amministratore Delegato di Worldline Merchant Services Italia.
The agreement is subject to approval by the relevant Authorities.
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Worldline powers the growth of over one million businesses around the world. Worldline generated a 4.6 billion euros revenue in 2023.
The Cassa Centrale – Italian Cooperative Credit Group has 66 BCC – Rural Banks – Raiffeisenkassen and 1,480 branches throughout Italy, more than 12 thousand employees and over 470 thousand Cooperator Members. With balance sheet assets of 89.6 billion euros, as of 12/31/2023, the Group ranks among the top 10 nationwide.
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