Worldline wants to use Polish fintech to go on the offensive in the global application terminal market
Worldline, one of the world's largest payments companies, today published a report summarising its Q3 2022 operations. One of the things that may attract attention in it is the information on acquisitions. It turns out that in the past months, the tycoon acquired a 55 per cent stake in the Warsaw-based fintech Softpos.eu.
From Worldline's press release, one can learn not only about the transaction, but also about the possibility of acquiring the remaining 45 per cent stake from the current owners. The company has 24 months to do so. At the same time, the global player explained that, with the help of Softpos.eu, it is launching a new product: the Worldline Tap on Mobile, which is an Android application that allows payments to be accepted via a smartphone, for example.
These reports sound interesting in the context of the news of the spin-off from Worldline of its fixed payment terminal design and manufacturing division, Ingenico. This came just a few quarters after Worldline's acquisition of this business. Apollo Global Management funds became the new owner of Ingenico. And Worldline itself apparently wants to devote more attention to softpos. In doing so, it is worth bearing in mind that Softpos.eu and Wordline have worked together before. Over a year ago, they boasted the implementation of a new version of the application terminal.
Softpos.eu is a company founded by the managers of another Polish player in the payments market, Payarto. It currently operates not only in Poland, but also on many foreign markets. In our country, the application terminal from Softpos.eu has already been implemented by several banks, including ING, Credit Agricole and BNP Paribas.