Worldline and Banque Raiffeisen have partnered to offer cloud-based instant payment processing in Luxembourg. This collaboration allows Banque Raiffeisen to send and receive instant payments in compliance with the EU’s Instant Payments Regulation.
Worldline Will Offer Cloud-Based Instant Payments Solutions to Banque Raiffeisen
The new partnership will utilize Worldline’s cloud infrastructure to provide Banque Raiffeisen with smarter and faster onboarding processes and access to TIPS, a Eurozone platform for instant payment settlements.
Worldline has a well-established partnership with Banque Raiffeisen, offering services like SEPA credit transfer clearing, settlement, and processing.
Banque Raiffeisen will gain from a complete instant payment solution and quick time to market, adding value. Sheri Brandon, CMO of Financial Services at Worldline, expressed anticipation for closer collaboration with Banque Raiffeisen in innovative ways.
Banque Raiffeisen’s Statement on the Collaboration
Eric Peyer, a member of Banque Raiffeisen’s executive committee, mentioned that with access to instant payments, the bank plans to broaden its service offerings to clients and gear up for advancements in point-of-sale and peer-to-peer payment sectors.
We entered into this agreement with Worldline, a trusted partner for SEPA payment clearing and settlement for more than 15 years. We believe this partnership will enable us to seamlessly introduce instant payments in compliance with regulatory demands and timelines,” Peyer stated.
Light on Worldline’s Latest Financial Performance
The French payment and transaction services company disclosed a first-quarter group revenue of almost €1.1 billion for 2024, marking an organic growth of 2.5%. Specifically, €787 million stemmed from merchant services, showing a growth of 3.9%, while financial services accounted for €225 million, reflecting a decrease of 1.4%.
In late February, Worldline revealed its yearly outcomes for 2023, highlighting an organic revenue rise to €4.61 billion, a 6% surge from the prior year. Looking ahead to 2024, Worldline has established a goal of at least 3% organic revenue growth and targets €1.17 billion in EBITDA.