in
Enrichment of Worldline’s value proposal
in the dynamic marketplaces and platforms vertical
Marketplaces and platforms: a fast growing e-commerce market
Transactions through marketplaces and platforms make up approximately one third of the European e-commerce volumes and are expected to increase to more than half in 2025.
Business and consumer habits across the globe have undoubtedly evolved during the Covid-19 pandemic. From accelerating e-commerce trends and the transition from cash to digital payments, to encouraging innovative companies and disruptive entrepreneurs to launch new platforms, whilst existing retailers were stimulated to create their own marketplaces.
Traditionally, the majority of e-commerce transactions take place on B2C web shops where payments are supported by a few global PSPs. The dynamics of marketplace and platform payments however require expertise that differs from the traditional e-commerce market. Such skills involve dealing with large quantities of merchants with a relatively low volume of sales, and the handling of escrow payments with dispute and mediation management even between consumers for marketplaces that cover as well C2C (ie Consumer to Consumer) business.
Online Payment Platform (OPP), a Dutch online PSP focused on e-commerce marketplaces
Founded in 2011, Online Payment Platform (OPP) is a Dutch online PSP co-led by its founder
In this rapidly changing industry, OPP is perfectly positioned to comprehensively target the C2C marketplaces’ need to outsource their payment requirements and to focus on significant growth opportunities in the B2B and B2C marketplaces segments.
Strategic rationale
OPP was looking for a global strategic partner to accelerate its growth and to expand within
The transaction enriches the growth profile of
Key items of the transaction
Worldline to buy a 40% minority stake in OPP in 2022- The remaining 60% owned by both the founder and the CEO of OPP
- Expected closing by the end of 2022
- Call option to buy the remaining 60% in 2026
The completion of the transaction is subject to approval from the
Forthcoming event
- October 25, 2022 Q3 2022 revenue
Contacts
Investor Relations
+33 7 84 50 18 90
laurent.marie@worldline.com
Benoit d’Amécourt
+33 6 75 51 41 47
benoit.damecourt@worldline.com
Communication
+32 499 585 380
sandrine.vanderghinst@worldline.com
+33 7 72 25 96 04
helene.carlander@worldline.com
About
Worldline’s corporate purpose (“raison d’être”) is to design and operate leading digital payment and transactional solutions that enable sustainable economic growth and reinforce trust and security in our societies.
Disclaimer
This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Worldline’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Worldline’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2021 Universal Registration Document filed with the French Autorité des marchés financiers (AMF) on
Revenue organic growth and Operating Margin before Depreciation and Amortization (OMDA) improvement are presented at constant scope and exchange rate. OMDA is presented as defined in the 2021 Universal Registration Document. All amounts are presented in € million without decimal. This may in certain circumstances lead to non-material differences between the sum of the figures and the subtotals that appear in the tables. 2022 objectives are expressed at constant scope and exchange rates and according to Group’s accounting standards.
This document is disseminated for information purposes only and does not constitute an offer to purchase, or a solicitation of an offer to sell, any securities in
Attachment
Worldline to acquire a 40% stake inOnline Payment Platform B.V.
© OMX, source