Latest news with #Pierre-AntoineVacheron
Finextra
a day ago
- Business
- Finextra
Worldline brings Wero wallet to online checkouts
Worldline is the latest payments outfit to offer merchants the EPI's Wero digital mobile wallet as an option in their online checkouts. 0 Launched late last year to harness the potential of account-to-account (A2A) payments to help European banks take on the might of Visa and Mastercard, Wero has already enrolled 40 million users across the first wave of markets it has entered. It enables A2A transfers using Sepa Instant Credit Transfer protocols so users can send money within 10 seconds via phone numbers, email addresses, or QR codes. Having initially focused on P2P payments, the effort is now targeting online checkouts and has been signing up partners including Nexi and Nuvei. Yesterday it also announed that Revolut would be provide access to Wero's core features for customers in France, Belgium and Germany. Now, Worldline - which has been a shareholder of the EPI Company (EPI) since its inception in 2020 - has confirmed it will offer the option in Germany from this summer, with Belgium following in October, and France, Luxembourg and the Netherlands in 2026. Pierre-Antoine Vacheron, CEO, Worldline, says: "This new payment method highlights our commitment to delivering value-driven solutions that support our customers' growth and advance Europe's pursuit of sovereignty in digital payments." Weo will continue to expand to other areas, says EPI CEO Martina Weimert: "By the end of 2026, EPI will not only cover e- and m-commerce payments but also be able to add omni-channel payments, first point of sale/in-store payments and invoice payments."
FF News
a day ago
- Business
- FF News
Worldline Initiates the Launch of Wero in E-Commerce Starting This Summer
Worldline [Euronext: WLN] , a global leader in payment services, is ready to launch the new Wero payment method, enabling eMerchants to accept it in Germany from this summer onwards. Wero for eCommerce will subsequently be launched in Belgium in October 2025 and in France in early 2026. Worldline has been one of the initial shareholders of the EPI Company (EPI) since its inception in November 2020. In 2024, EPI introduced Wero, a new payment scheme based on instant payments that was successfully launched with a P2P payment use case at first, in France, Belgium and Germany. Today, Worldline officially becomes a Wero member allowing its merchants to accept Wero for online commerce. Launch will be effective from this summer in Germany, in October in Belgium, followed by France, Luxembourg and the Netherlands in 2026. An innovation which enables the creation of a truly European and sovereign payment solution. Wero is a cross-border payment facility with built-in buyer protection and is based on a scheme layered on the instant bank transfer. The more than 40 million base customers will be able to pay initially on merchant websites with their trusted bank application, enabling for Wero instant bank payments for e-commerce and later in stores. Wero brings a host of new benefits to consumers: Increased trust than other wallets, because the bank of the payers issues the payments. Convenience of a smooth user interface, with only a mobile phone number required to enter for activation. More confidence from a buyer protection facility and an integrated disputes mechanism. An explicit consent for each type of payment (immediate, deferred, recurring, etc.). For merchants, Wero will be a full omni-channel solution with in-store payments capability, starting in 2026. It will also bring benefits to merchants, such as reduced chargebacks with consent management and pre-disputers services, as well as a higher conversion rate with a truly frictionless payment method. 'With the launch of our e-commerce payment case, EPI provides the foundation and proof-points for a truly viable European solution and only marks the beginning for merchants' payment rails transformation. Wero is set up as a wallet, allowing us to integrate other payment means as well as value-added services beyond payments, attractive to both consumers and merchants. By the end of 2026, EPI will not only cover e- and m-commerce payments but also be able to add omni-channel payments, first point of sale/in-store payments and invoice payments.' said Martina Weimert CEO of EPI company. Pierre-Antoine Vacheron, CEO of Worldline said 'As an EPI principal member, Worldline continues to drive innovation with the launch of Wero, a new European payment solution introduced to merchants. This new payment method highlights our commitment to delivering value-driven solutions that support our customers' growth and advance Europe's pursuit of sovereignty in digital payments.'
Mint
13-05-2025
- Business
- Mint
Mint Exclusive: Worldline looks to sell India payments business
MUMBAI : French payments company Worldline has hired investment bank BNP Paribas to explore a potential sale of its India business, two people aware of the matter said. Discussions are at a preliminary stage, and the deal size could be above $200 million, one of the two people said on the condition of anonymity. 'The sale is expected to happen through an auction process among a wide buyer pool, including strategic players in the payments space in India," the person added. The exit plan comes at a time Worldline is restructuring its global portfolio to restore investor confidence and revive growth and profitability amid macroeconomic headwinds. Worldline declined to comment, while queries emailed to BNP Paribas remained unanswered. Also read | The Netherlands' SHV Energy appoints BNP Paribas to sell SunSource' solar assets in $100 million deal In India, Worldline operates as a business-to-business payments solutions firm serving banks and large merchants. The company has offices across Mumbai, Hyderabad, Bengaluru, New Delhi, Chennai and other cities. According to the second person, Indian payments companies such as Razorpay and PayU could gain scale from an acquisition of the business. The turnaround plan Worldline's new chief executive Pierre-Antoine Vacheron said at an earnings call last month that the company would exit non-performing geographies and segments to revive growth, without sharing details. 'We need to be more selective given the investment required to address innovation and compliance requirements. This will mean exiting from segments or geographies inherited from past acquisitions and considered as non-core," he said. Founded in 1970, Worldline is a publicly listed solutions provider for payments companies operating across the globe, including Europe, India, Japan, and the US. It launched the turnaround plan in February, focussing on tightening cost controls, pruning its portfolio, and emphasising free cash flow improvements. Read this | Mint Explainer: Why Razorpay and Cashfree are ditching Juspay, and what it means for the fintech sector Worldline has also appointed banking advisors to sell its Mobility and e-Transactional Services (MTS) business, Reuters reported in November. In December, Reuters reported that the company is attracting early-stage takeover interest from private equity firms, including Bain Capital. However, Bain later denied evaluating Worldline. The company's erstwhile CEO, Gilles Grapinet, stepped down in September 2024, as it issued its third profit warning within a year. Vacheron was later appointed as CEO, effective 1 March. In the March quarter of 2025, Worldline's revenue stood at €1,068 million, down 2.3% year-on-year. It reported muted growth for 2024, with €4,632 million in revenue, up 0.5% in organic terms year-on-year, and a net loss of €297 million. It follows the calendar year as the financial year. And read | Worldline confirms exclusive talks to sell terminal business to Apollo
CNA
23-04-2025
- Business
- CNA
Worldline postpones earnings guidance as CEO works on new strategy
French digital payments company Worldline will postpone its annual financial outlook update until July, it said on Wednesday, citing its new management and increased global economic volatility. The Paris-based company, which appointed Pierre-Antoine Vacheron as chief executive in March, had said in February that it would issue a more detailed outlook after reporting first-quarter revenue in April. The update is now expected on July 30, when Worldline will publish first-half results, and Vacheron will outline a new strategic plan at a capital markets day in the autumn, the company said. Changes at the French company are already under way, Vacheron said in a statement. The company has launched an initiative to reduce cash expenses by 50 million euros in 2025. Worldline's share price has dropped 93 per cent over the past four years, prompting a "portfolio optimisation process" that was launched by Vacheron's interim predecessor and could lead to asset disposals. "Ultimately the main uncertainty for us is linked to the volatility of the decisions related to the trade war," Vacheron told reporters. If that will lead to a change in consumer behaviour, then it will have an additional impact on business, he added. Worldline also reported first-quarter revenue on Wednesday, falling 2.3 per cent year on year but meeting the 1.07 billion euro ($1.22 billion) expected in an analyst poll compiled by the company. ($1 = 0.8796 euros)
Reuters
23-04-2025
- Business
- Reuters
Worldline postpones earnings guidance as CEO works on new strategy
April 23 (Reuters) - French digital payments company Worldline ( opens new tab will postpone its annual financial outlook update until July, it said on Wednesday, citing its new management and increased global economic volatility. The Paris-based company, which appointed Pierre-Antoine Vacheron as chief executive in March, had said in February that it would issue a more detailed outlook after reporting first-quarter revenue in April. The update is now expected on July 30, when Worldline will publish first-half results, and Vacheron will outline a new strategic plan at a capital markets day in the autumn, the company said. Changes at the French company are already under way, Vacheron said in a statement. The company has launched an initiative to reduce cash expenses by 50 million euros in 2025. Worldline's share price has dropped 93% over the past four years, prompting a " portfolio optimisation process" that was launched by Vacheron's interim predecessor and could lead to asset disposals. "Ultimately the main uncertainty for us is linked to the volatility of the decisions related to the trade war," Vacheron told reporters. If that will lead to a change in consumer behaviour, then it will have an additional impact on business, he added. Worldline also reported first-quarter revenue on Wednesday, falling 2.3% year on year but meeting the 1.07 billion euro ($1.22 billion) expected in an analyst poll compiled by the company. ($1 = 0.8796 euros)
