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Worldline and Google have announced a strategic partnership designed to leverage cutting-edge cloud-based technologies from Google Cloud to take Worldline’s digital transformation further.
Worldline partners with Google
As part of the partnership, Google will also work with Worldline to facilitate online payments for Google’s customers in Europe.
In addition, both partners will jointly address go-to-market opportunities, and provide new and enhanced digital customer experiences for merchants and financial institutions.
Accelerating digital transformation
Since 2022, Worldline has initiated a “Move to Cloud” program that includes using the cloud to accelerate its digital transformation into a global premium paytech company.
Accelerating its trajectory, Worldline now plans to leverage Google Cloud’s secure, high-performance, and low-latency infrastructure, enhancing its operational efficiency, optimizing costs, and improving its strategic positioning.
Worldline will also tap into Google Cloud’s data analytics and AI capabilities to draw benefits from its own data, and consequently develop new payment products and services.
As part of the expanded partnership, Worldline will also serve as one of Google’s key payment providers in Europe and across multiple geographies.
Worldline aims to provide Google customers with more advanced payment options, support for more payment networks, improved cross-border conversion, and a more streamlined customer experience.
The strategic partnership between Google and Worldline will ultimately create a powerful ecosystem of improved product offerings delivering added value to merchants and banks, and setting a faster pace for continued innovation.
Crédit Agricole minority stake
Crédit Agricole has acquired a 7% stake in payments processing partner Worldline.
The investment follows the April 2023 agreement between the two companies to form a joint venture in the French merchant payment services market.
Crédit Agricole says the transaction demonstrates its intention to support Worldline’s development and implementation of its strategy as a key European payment services provider.
Operational launch of the joint venture is scheduled for later this year, lagging the initially agreed timeframe of end-2023.
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