equensWorldline partners with UniCredit to manage its payments processing business in Germany and Austria
Utrecht, 27 February 2020 – equensWorldline SE, a subsidiary of Worldline [Euronext: WLN], European leader in the payments and transactional services industry, signed a long term strategic partnership with UniCredit, a leading financial institution in Europe. Based on this agreement, which represents - following Commerzbank last year - another major long-term processing contract with a leading Tier-1 Bank, equensWorldline will process all SEPA (Single Euro Payments Area) payments, instant payments, multi-currency, domestic and high value payments for both financial institutions.
As a service partner, equensWorldline will be responsible for the processing of all above-mentioned payment transactions for UniCredit in Austria and Germany. This will be done via its highly reliable, future-proof and efficient payments platform that is fully compliant with all applicable regulatory requirements. All types of payments will be processed on this one integrated platform and with that equensWorldline enables and supports innovation across the board of account-to-account payments products. By partnering with UniCredit, equensWorldline consolidates further through this major new contract and partnership its position as the largest payment processor in Europe.
Moving towards a global end-to-end real-time and technically standardized payments world, banks are now seriously reconsidering their business and operational model for their payments processing business. Because of the investment needs and running costs for establishing and maintaining an end-to-end stable infrastructure, sourcing models for payments processing are more and more becoming a viable solution for banks of all sizes, as this allows them to lower their costs, reduce complexity and risks and free up resources.
Michael Steinbach, CEO of equensWorldline:
"We are very proud of this partnership, which shows that more and more leading financial institutions are exploring the benefits of sourcing their payments operations from a specialized pan-European payment processor like us. At equensWorldline, we not only act as a provider, but also as a sparring partner bringing innovation, price competitiveness and guaranteed regulatory compliance. This means that we are seeking to build the future in order to shape the payment landscape in Europe as well as globally by collaborating with strong leading bank partners such as UniCredit. Both equensWorldline and UniCredit have strongly established themselves in the European financial sector, and have been working as leaders in this environment successfully for many years. By jointly leveraging our long-standing experience and European footprint, we can offer European customers the services that suit them best. All of that will be further leveraged to the benefit of the customers, more and more also on a global level, as the payments processing is rapidly evolving into a global real-time payments world."
Alessandro Baroni, CMO of equensWorldline:
"We celebrate this exciting deal that gives equensWorldline the opportunity to cooperate with UniCredit for transforming payments processing in two of its core markets, fostering operational excellence and supporting distinct product and IT innovation."
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