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    WLN   FR0011981968

WORLDLINE

(WLN)
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Worldline : Porter Airlines partners with Worldline offering WeChat Pay and PayPal

07/29/2021 | 02:57am EDT

Bezons, 29 July 2021 - Worldline [Euronext: WLN], the European leader in the payments and transactional services industry and number 4 worldwide, today announced it has partnered with Porter Airlines to offer popular digital wallets, namely WeChat Pay and PayPal, for bookings through the airline's website.

Porter is using Worldline's TravelHub solution, which gives travel companies global end-to-end payment processing capabilities and regional access to markets across Asia, Europe, Latin America, and North America. The solution includes WeChat Pay, a built-in mobile wallet from WeChat, China's most popular messaging app. Purchases can be made using a QR code, in mobile browsers or in the WeChat app, which has more than 1 billion users.

Porter Airlines, based at Billy Bishop Toronto City Airport, offers flights to regional Canadian and US destinations. It has also announced plans to expand its service to markets throughout North America, including the west coast, southern U.S., Mexico and the Caribbean. Porter is one of the first North American-based airlines to take advantage of Worldline's TravelHub solution.

'Our TravelHub solution saves airlines time and resources by connecting main Global Distribution Systems (GDS)'s to WeChat Pay and more than 150 payment methods globally,' said Virginia Cicchini, Sales Director Airlines & Travel, Americas at Worldline Digital Commerce. 'This allows Porter Airlines to make the process of payment the most convenient for travellers in North America while increasing the airlines' conversion and revenue'.'Customers are adopting new ways of making purchases and we want to give them more choices when shopping with Porter,' addedKevin Jackson, executive vice president and chief commercial officer, Porter Airlines. 'These options provide the convenience and flexibility many travellers are looking for.'

TravelHub launched in 2019 and provides a simple integration with the leading airline global distribution systems (GDS) and access to more than 150 payment methods and currencies.

To learn more about Worldline's TravelHub solution, please visit our website.

About Worldline

Worldline [Euronext: WLN] is the European leader in the payments and transactional services industry and #4 player worldwide. With its global reach and its commitment to innovation, Worldline is the technology partner of choice for merchants, banks and third-party acquirers as well as public transport operators, government agencies and industrial companies in all sectors. Powered by over 20,000 employees in more than 50 countries, Worldline provides its clients with sustainable, trusted and secure solutions across the payment value chain, fostering their business growth wherever they are. Services offered by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include domestic and cross-border commercial acquiring, both in-store and online, highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment. In 2020 Worldline generated a proforma revenue of 4.8 billion euros. worldline.com

ABOUT PORTER AIRLINES

Porter Airlines has revolutionized short-haul flying with a warm and effortless approach to hospitality, restoring glamour and refinement to air travel. Porter is an Official 4 Star Airline® in the World Airline Star Rating®. Visit www.flyporter.com or follow @porterairlines on Instagram, Facebook and Twitter.

Press Contacts

Susanne Stöger
T +43 1 71701 6524
E susanne.stoeger@worldline.com

Hélène Carlander
T +33 07 72 25 96 04
E helene.carlander@worldline.com

Disclaimer

Worldline SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:56:07 UTC.


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Financials
Sales 2021 5 069 M 5 940 M 5 940 M
Net income 2021 439 M 515 M 515 M
Net Debt 2021 2 706 M 3 171 M 3 171 M
P/E ratio 2021 42,5x
Yield 2021 0,07%
Capitalization 18 839 M 22 060 M 22 075 M
EV / Sales 2021 4,25x
EV / Sales 2022 3,74x
Nbr of Employees 20 275
Free-Float 86,5%
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Technical analysis trends WORLDLINE
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TrendsBearishBearishNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 22
Last Close Price 67,17 €
Average target price 90,89 €
Spread / Average Target 35,3%
EPS Revisions
Managers and Directors
P. F. D. Gilles Grapinet Chairman & Chief Executive Officer
Eric Heurtaux Chief Financial Officer
Christophe M. W. V. Duquenne Chief Technology & Operations Officer
Susan M. Tolson Independent Director
Aldo Cardoso Independent Director
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