Australia Payment processing: Takeover among payment service providers: Worldline swallows Ingenico
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Worldline wants to accelerate the development of European payment transactions. However, the French group is currently suffering from the corona crisis.
The French payment service provider Worldline has swallowed its competitor Ingenico. Worldline boss Gilles Grapinet called the takeover on Friday a "very exciting milestone" for the group. Worldline is the largest payment service provider inand the fourth largest provider worldwide.
From this position, Worldline has big plans: They want to accelerate the development of European payment transactions “and help shape the way in which we pay, live and do our business,” says Grapinet.
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Ingenico was valued at 7.8 billion euros. In , Worldline is represented by, among others, , a joint venture between Sparkassen and Ingenico.
The payment service provider industry is in the middle of a wave of consolidation.According to the Bloomberg news agency, Nexi has also made a non-binding offer for the Danish payment service provider Nets. Concardis, a payment company in which a group of German banks was previously involved, belongs to Nets.
Even the Wirecard scandal has not slowed investors' interest in the industry. The share price of the Dutch payment service provider Adyen, for example, rose rapidly, and the Worldline price also recovered significantly after a slump in March.
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Worldline also offers payment services for banks.
payment service providers process payments on behalf of merchants, online or at the checkout. They also integrate different payment methods in online shops and take on additional services such as protection against fraudulent transactions. Unlike many of its competitors, Worldline also offers payment services for banks.
In the corona crisis, sales in stationary retail fell, but online shopping is booming. In contrast to, Worldline has not benefited as much from the e-commerce boom. Sales in the third quarter fell by three percent, in the second quarter it was even more than ten percent lower.
Adyen, on the other hand, again significantly increased sales and pre-tax profit. The company that specializes in online payments is doing even better than expected. The payment service provider has revised the numbers upwards since 2018. This is because the company mistakenly double-booked certain credit card payments.
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The US jewelry chain Tiffany and the French luxury goods group LVMH have agreed on new terms for the takeover of the US group. © Provided by Finanz.net Thomas Lohnes / Getty Images LVMH is now paying a little less for Tiffany than initially agreed. Per Tiffany share this is now $ 131.50 instead of $ 135, the French announced on Thursday in Paris. That is a total of around 425 million dollars less than initially planned, as the Bloomberg news agency had previously reported.
However, Adyen draws criticism. In the opinion of the analysts at DZ Bank, the correction against the background of theinsolvency raises "questions about the accounting in the sector and is by no means trustworthy". However, since the company is young and had previously calculated poorly, "we see the restatement as a forgivable mistake," the experts say.
Adyen explained that the company was constantly working on automatic controls, and that in the course of this process, the incorrect postings were noticed. They would have no influence on the company's liquidity, payments from other companies or payments to dealers.
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