French Credit Agricole and the payment company Worldline to form a joint venture

Credit Agricole and the Worldline establish a joint venture for online payments. Partnership will be subjected to regulatory approval.


Reuters reported a proposed tie-up between French banking group Credit Agricole and the payment services company Worldline. They are in talks to establish a joint venture offering payment services to businesses and customers.

The joint venture is expected to be operational by 2025, with Worldline owning the majority stake. The total project investment, amounting to 80 million, will be shared equally between Worldline and Credit Agricole.

The two companies noted that there is a massive opportunity for expansion in the French market, with consumers increasingly moving away from cash to card payments. Presently, cash payments account for approximately 40% of France’s total payments.

Following the announcements, the company’s shares noticed a hike signaling investors’ optimism in the developments. However, before capitalizing on France’s underserved digital payment market, the slated partnership will be subjected to regulatory approval and the companies’ work councils.