Worldline partners with Cassa Centrale Group in Italy

Cassa Centrale Group is set to pursue a long-term partnership in the acquiring world, involving the provision of services along the value chain of digital payment acceptance and international acquiring for the 66 Group’s Bank Affiliates, owning 1,480 branches in Italy.

Worldline partners with Cassa Centrale Group

The CCG project, for which it has entered into exclusive negotiations for a long-term partnership with Worldline, involves the supply and management of POS terminals and exclusive acquiring for international circuits for more than 90,000 POS terminals, generating transacted volumes of more than €9 billion in 2023.

The deal will contribute to the consolidation of Worldline presence in the Italian market, almost doubling number of merchants and POS terminals.

It will also ensure benefits in terms of innovation and evolution of the product portfolio for the benefit of the customer network of the Group’s Banks, which will benefit from Worldline’s solutions and an improved customer experience.

A partnership would be a major boost for France’s Worldline in Italy, doubling the number of its dealers and terminals in the country.

Last month, the payments processor’s shares fell after the company reported a net loss due to a €1.15 billion impairment in merchant services and a worsening outlook.

A cost-cutting program was also launched, which resulted in the loss of 1,400 jobs.

“We are particularly pleased and honoured to have been selected by a major group like Cassa Centrale,” says  Stefano Calderano, CEO of Worldline Merchant Services Italy.

“This is a recognition of our distinctive ability in the Italian market with a competitive and cutting-edge offering, but most importantly, with a winning business support and assistance model for banks.

This partnership allows us to combine our international experience with our Italian know-how and attention to the territory, thanks to the numerous existing partnerships with major Financial Institutions in the country, including BNL / BNP Paribas, Banco Desio and Banca del Fucino.”

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