Worldline completes the acquisition of Handelsbanken’s card-acquiring activities in the Nordics.
Worldline, leader in the payments industry, announces the completion of its acquisition of Handelsbanken’s card acquiring activities in the Nordic region, as part of its wider European consolidation strategy.
The acquisition of Handelsbanken’s card-acquiring activities and the set-up of a joint long-term commercial alliance for merchant services are part of Worldline’s strategy to expand its presence across Europe through partnerships with leading local financial institutions. It follows the acquisition of Cardlink in Greece and the execution of a strategic partnership with BNL in merchant acquiring in Italy[1] earlier this year.
The Nordic region represents a highly attractive market driven by digital and eCommerce payments expansion and backed by a robust macroeconomic environment as well as strong long-term growth potential. Handelsbanken is a meaningful card acquirer in the Nordic region with above 550 million transactions acquired per year representing a payment volume of c. € 20 billion. The company also serves over 20,000 merchants.
With a pan-Nordic addressable market presence, a high-quality diversified merchant portfolio and a long-term merchant relationship with Handelsbanken – a leading bank in the region – Worldline will have the opportunity to leverage the existing offering and accelerate its growth profile in the region.
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[1] Worldline completed Cardlink SA acquisition on September 30, 2021 – read the press release / Worldline signed a strategic partnership with BNL in merchant acquiring in Italy on July 1st, 2021 – read the press release.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
