Worldline, the payments and transactional services provider, confirmed today that UniCredit has renewed its partnership with the company for the Open Banking Third Party Provider (TPP) service.
The partnership extension, which allows the clients of UniCredit to connect their accounts in other banks throughout Europe via a single API, will open several new opportunities for the Italian financial services provider and its customers.
Since 2020, UniCredit has been utilizing Worldline’s Open Banking TPP service. The recent partnership extension means that UniCredit will keep using the company’s Open Banking TPP services for another two years.
Alessandro Baroni, the Chief Business Division Officer at Worldline Financial Services, said: “As a leading and fast-growing Paytech company, we want to support our clients to flourish in the API-driven economy beyond their regional markets and grasp opportunities from Open Banking and Open Finance. We are proud that UniCredit decided to extend our existing partnership. It demonstrates their recognition of our added value, and we look forward to continuing supporting them in their Open Banking journey.”
In the past 12 months, Worldline has expanded its global presence substantially through partnerships and acquisitions. Recently, the company acquired a majority stake in ANZ’s acquiring business. In February 2022, Worldline announced the expansion of its payment offering for global merchants.
Open Banking
In Europe, open banking is getting popular among users across different countries. Luca Corsini, the Head of Transactions and Payments at UniCredit, said that the bank is exploring different opportunities within the European open banking ecosystem.
“As a tier 1 bank active in different European countries, we rely on support from a supplier with both scale and a cross-European presence in order to address the challenges and opportunities our customers are facing. In the past two years, Worldline has proven their Open Banking capabilities by providing cost-effective reach across Europe and enabling the services that our customers require,” Corsini said.
