Worldline’s Q3 Revenues Reach €960 Million

The global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term company, Worldline recently posted its financial metrics for the third quarter of 2021. During the latest period, Worldline saw a sharp increase in revenues led by a steady jump in payment transaction volume.

In Q3 of 2021, Worldline’s revenue touched €960 million. During the third quarter of 2020, the company reported total revenue of €887 million. Revenues related to the Group’s merchant services jumped by more than 9% in Q3 of 2021 while revenues related to financial services increased by 5% during the same period.

Moreover, Worldline’s mobility and e-transactional services revenue climbed by approximately 11% in the last quarter. In addition, the financial services provider outlined the Group’s significant organic growth during the third quarter of 2021.

“Throughout the third quarter, Worldline benefited from steady dynamics in domestic payment transaction volumes, allowing the Group to deliver particularly robust growth well in line with our central scenario for the year. The ongoing trends are expected to continue, paving the way for further acceleration in Q4. As such, we confirm our 2021 objectives, which are now excluding those of the payment terminal business,” Gilles Grapinet, CEO of Worldline, commented.

Acquisitions

Since the start of 2020, Worldline has increased its acquisitions significantly to expand its global presence. Recently, the company completed the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of the Greek payments platform, Cardlink. In October 2021, the company announced the completion of the acquisition of Handelsbanken’s card acquiring activities in the Nordic region.

Furthermore, Worldline has implemented some changes in its Governance with Bernard Bourigeaud appointed as Chairman. "I am honored and very proud to become Chairman of the Board of Directors of Worldline at this very important moment of the new Group’s three-year strategic plan, and to work with the Board Members and Gilles Grapinet and its management team, to endorse Worldline’s vision to create a Global payment champion for the benefit of all stakeholders and society at large,” Bourigeaud said in the press release.