Worldline completes acquisition of Eurobank’s merchant acquiring business in Greece
Global payments services provider Worldline has completed the acquisition of Eurobank’s merchant acquiring business in Greece.
The two companies have formed a joint venture through which Worldline will hold an 80% stake in the new company.
Eurobank claims to be one of Greece’s largest acquirers, processing more than 200 million transactions per year, representing a payment volume of €7 billion from a point of sale (POS) network of 190,000.
With the acquisition, Worldline aims to expand its footprint across Southern Europe, calling it a “dynamic market” with growth opportunities.
“In Greece, Worldline will offer a strong value proposition to Eurobank’s merchant portfolio, covering needs of small and medium businesses as well as those of large retailers,” the company says.
Worldline’s products for Greek merchants will include Android POS, allowing merchants to accept payments at checkout or on the go; Smart POS, enabling merchants to turn selected Android smartphones into payment terminals; and e-commerce solutions such as e-gateway, payment link and live pay.
This acquisition marks Worldline’s second major investment in Greece after acquiring Cardlink in 2021.