Worldline bolsters its position against French dominance, with its Merchant Services experiencing growth in the first half of 2023
Worldline's Q2 2023 Revenue Soars, Joint Venture with Crédit Agricole Announced
Worldline, a leading French payment processor, reported a strong performance in the second quarter of 2023, with organic revenue growing by 9.4% year-on-year to €1.2 billion. This growth was described as "very satisfactory" by Worldline's CEO, Gilles Grapinet.
Despite a revenue decline of 3.4% in the first half of 2025, reaching €2,205 million compared to H1 2024, Worldline remains optimistic about its future. The company expects a low single-digit percentage organic decline for the full year 2025.
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In a strategic move to strengthen its position in the French market, Worldline has announced a joint venture with Crédit Agricole. The partnership aims to create a leading payments player in France, reinforcing their presence and competitiveness in the country's payments ecosystem. This aligns with Worldline’s focus on sustainability and digital payments innovation, as shown in their launch of the Wero payment method in Germany and scheduled rollout in France by early 2026.
The joint venture plans emphasise the formation of a leading payments player in France, strategic collaboration with Crédit Agricole, and the integration of the two companies to leverage combined strengths and capture the French payments market. However, no explicit financial targets or timelines for this joint venture have been announced.
Worldline is also focusing on restructuring initiatives, including the migration from legacy platforms like SMAC and ACI Base24 and the simplification of the operating model by merging or liquidating six entities in H1 2025. These actions are aimed at improving efficiency and contributing to the company's overall growth strategy.
In conclusion, Worldline's strong performance in Q2 2023, combined with its strategic initiatives and joint venture with Crédit Agricole, position the company well for the future of the cross-border payments industry.
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