Worldline announces the closing of its major strategic commercial acquiring alliance with ANZ Bank in Australia
01 Avril 2022 - 8:00AM
Worldline announces the closing of its major strategic commercial
acquiring alliance with ANZ Bank in Australia
Worldline announces the
closing of its major strategic commercial
acquiring alliance with ANZ Bank in Australia
Paris La Défense, April
1st, 2022 –
Worldline [Euronext: WLN], a global leader in the
payments industry, today
announces
the completion of the
acquisition of a controlling stake in the commercial acquiring
business of ANZ and the creation
of a 51%-49% joint-venture controlled by Worldline to operate and
develop commercial acquiring services in Australia with ANZ
Bank, one of the largest banks in Asia-Pacific and
Australia’s 3rd largest acquirer
with a
c. 20%
share of transaction volumes processed in
Australia1.
Australia is a highly attractive and strategic
market for Worldline with favorable dynamics, a sizable and growing
addressable market and a high level of readiness and receptiveness
towards cashless payment methods. Furthermore, with a cash
penetration still high, the Australian market offers an attractive
growth opportunity driven by the shift from cash to card.
Similar to Europe in terms of market structure,
payment standards and technology, the Australian payment market is
large and dynamic. It has a high level adoption of electronic
payments and is ranked #4 globally for payment terminals per
capita, with consumer use of contactless cards and digital wallets
amongst the highest in the world.
The new joint-venture is a unique opportunity
for Worldline to significantly expand its merchant acquiring
business outside of Europe, with direct access to an existing and
high quality merchants’ portfolio, and at the same time to generate
significant synergies due to enhanced scale by leveraging the
Group’s payment technologies.
The combination of ANZ’s strong market position
and Worldline’s global scale, best-in-class technologies and
payment expertise will allow the alliance to grow revenue at a
double-digit rate in the coming years. This accelerated growth rate
will be delivered through cross and up-sell opportunities based on
innovative solutions such as digital onboarding, Alternative
Payment Methods (APM), fraud detection, online and omnichannel
capabilities, while leveraging the existing merchant portfolio.
With annual revenue of c. € 180 million with
expected double-digit organic growth CAGR over the next 5 years and
an OMDA margin of c. 20% expected at closing, a robust integration
and platform development program will be implemented at closing
with the objective to reach € 25 million additional OMDA by 2025.
The synergy plan is mainly based on the re-use approach of
Worldline’s proven payment modules with the implementation of a
targeted platform bringing innovative European market standard
payment applications in Australia.
Forthcoming events
- April 27,
2022 Q1
2022 revenue
- June 9,
2022 Annual
General Shareholders’ Meeting
- July 27,
2022 H1
2022 results
- October 25,
2022 Q3 2022
revenue
Contacts
Investor Relations
Laurent Marie+33 7 84 50 18
90laurent.marie@worldline.com
Benoit d’Amécourt+33 6 75 51 41
47benoit.damecourt@worldline.com
Communication
Sandrine van der Ghinst+32 499 585
380sandrine.vanderghinst@worldline.com
Hélène Carlander+33 7 72 25 96
04helene.carlander@worldline.com
About
Worldline
Worldline [Euronext: WLN] is a global leader in
the payments industry and the technology partner of choice for
merchants, banks and acquirers. Powered by 20,000 employees in more
than 50 countries, Worldline provides its clients with sustainable,
trusted and innovative solutions fostering their growth. Services
offered by Worldline include instore and online commercial
acquiring, highly secure payment transaction processing and
numerous digital services. In 2021 Worldline generated a proforma
revenue close to 4 billion euros. worldline.com
Worldline’s corporate purpose (“raison d’être”)
is to design and operate leading digital payment and transactional
solutions that enable sustainable economic growth and reinforce
trust and security in our societies. Worldline makes them
environmentally friendly, widely accessible, and supports social
transformation.
Disclaimer
This document contains forward-looking
statements that involve risks and uncertainties, including
references, concerning the Group's expected growth and
profitability in the future which may significantly impact the
expected performance indicated in the forward-looking statements.
These risks and uncertainties are linked to factors out of the
control of the Company and not precisely estimated, such as market
conditions or competitors’ behaviours. Any forward-looking
statements made in this document are statements about Worldline’s
beliefs and expectations and should be evaluated as such.
Forward-looking statements include statements that may relate to
Worldline’s plans, objectives, strategies, goals, future events,
future revenues or synergies, or performance, and other information
that is not historical information. Actual events or results may
differ from those described in this document due to a number of
risks and uncertainties that are described within the 2020
Universal Registration Document filed with the French Autorité des
marchés financiers (AMF) on April 13, 2021 under the filling
number: D.21-0303 and its Amendment filed on July 29, 2021 under
the filling number: D. 21-0303-A01.
Worldline does not undertake, and specifically
disclaims, any obligation or responsibility to update or amend any
of the information above except as otherwise required by law.
This document is disseminated for information
purposes only and does not constitute an offer to purchase, or a
solicitation of an offer to sell, any securities in the United
States or any other jurisdiction. Securities may not be offered or
sold in the United States unless they have been registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities
Act”) or the securities laws of any U.S. state, or are exempt from
registration. The securities that may be offered in any transaction
have not been and will not be registered under the U.S. Securities
Act or the securities laws of any U.S. state and Worldline does not
intend to make a public offering of any such securities in the
United States.
1 Credit, Debit and Chargecard turnover, ANZ
internal and RBA data
- Worldline complete its major strategic commercial acquiring
alliance with ANZ Bank
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