Global payments and transactional services provider, Worldline, has acquired Ingenico.
The merger of the two French companies will provide a wider range of digital payment capabilities, including advanced technology, enhanced innovation capacities and an extended global footprint.
Worldline says the company will now play a “key role” is designing a more innovative European payments space and will “accelerate the transition towards a less cash-reliant economy”.
Ingenico’s global presence will also be a platform for expansion into new markets and create “significant possibilities” for business growth, the company said.
In order to support customers with the changes in consumer behaviour as a result of the pandemic, the company says it plans to invest over €300m in research and development to strengthen product innovation. Areas identified include personal payments terminals, social & voice commerce, new payment platforms and digital ticketing.
Gilles Grapinet, chairman and CEO of Worldline, said: “This is a very exciting milestone for Worldline, specifically designed to decidedly reinforce the value proposition of our businesses. Having the scale and now global capabilities, we have reshaped our group entirely in order to support, now more than ever, our clients, merchants and banks in particular, enabling them to rely on state-of-the-art electronic payment services to accelerate their own growth as well as their digital transformation strategy.
“Despite the difficult times we are all facing at the moment, I have never been this confident in the group’s potential and future and in its 20,000 employees.”
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