Worldline to acquire a 40% stake in Online Payment Platform B.V.
Worldline to acquire a 40%
stakein Online Payment Platform B.V.
Enrichment of Worldline’s value
proposalin the dynamic marketplaces and
platforms vertical
Paris, La Défense, September
29, 2022 – Worldline
[Euronext: WLN], a global leader in
payment services, announces an agreement for the
acquisition of a 40% stake in Online Payment Platform B.V., an
online Payment Service Provider with a dedicated payment solution
for marketplaces and platforms.
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 Richard Straver, and
Maurice Jongmans, CEO. The company focuses on digital payments for
marketplaces and platforms with a specific focus in the C2C
segment. With a team of over 60 employees they offer their services
in the entire European Union and the UK, passporting their Dutch PI
licence which they obtained in 2014. OPP serves over a hundred
marketplaces and platforms, such as e-Bay Kleinanzeigen,
Marktplaats (both part of Adevinta), Gumtree, Royal FloraHolland
and PayPal. OPP has a strong expertise in customer support for
marketplaces, including fast merchant onboarding and dispute
management.
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.
Richard Straver, founder of OPP, stated: “We are
proud to join forces with the European leader in payments,
Worldline. We can leverage each other’s strengths to improve the
service offering to OPP’s client base, and roll it out to new
geographies for new clients. Our team is delighted to join the
Worldline family and embark on this incredibly exciting next growth
chapter.”
Strategic rationale
OPP was looking for a global strategic partner
to accelerate its growth and to expand within Worldline core
European markets to be able to quickly capture the fast growing
market opportunity of marketplaces and platforms. Worldline, being
a global payments leader, fits that profile perfectly.
The transaction enriches the growth profile of
Worldline, and enables synergy for both parties involved through
Worldline’s sale infrastructure. This transaction is perfectly in
line with Worldline’s strategic roadmap as it expands its exposure
into e-commerce and brings a proven technological brick with a
unique solution built from the ground up.
Marc-Henri Desportes, Deputy CEO of Worldline,
stated: “I am very happy to announce today that we’ve signed an
agreement for this strategic investment in OPP. This enables
Worldline to get access to the exciting growth market of digital
marketplaces and platforms via OPP’s European footprint and market
leading scalable technology, as we continue to establish Worldline
as a truly global paytech leader.”
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 Dutch Central Bank. The remaining terms of the
transaction will not be disclosed, in accordance with the
agreement.
Forthcoming event
- October 25,
2022 Q3 2022
revenue
Contacts
Investor Relations
Laurent Marie+33 7 84 50 18
90laurent.marie@worldline.com
Benoit d’Amécourt+33 6 75 51 41
47benoit.damecourt@worldline.com
Communication
Sandrine van der Ghinst+32 499 585
380sandrine.vanderghinst@worldline.com
Hélène Carlander+33 7 72 25 96
04helene.carlander@worldline.com
About Worldline
Worldline [Euronext: WLN] is a global leader in
the payments industry and the technology partner of choice for
merchants, banks and acquirers. Powered by 20,000 employees in more
than 50 countries, Worldline provides its clients with sustainable,
trusted and innovative solutions fostering their growth. Services
offered by Worldline include instore and online commercial
acquiring, highly secure payment transaction processing and
numerous digital services. In 2021 Worldline generated a proforma
revenue close to 4 billion euros. worldline.com
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. Worldline makes them
environmentally friendly, widely accessible, and supports social
transformation.
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 April 25, 2022 under the filling
number: D.22-0342 and its Amendment filed on July 29, 2022 under
the filling number: D. 21-0342-A01.
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.
Worldline does not undertake, and specifically
disclaims, any obligation or responsibility to update or amend any
of the information above except as otherwise required by law.
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 the United
States or any other jurisdiction. Securities may not be offered or
sold in the United States unless they have been registered under
the U.S. Securities Act of 1933, as amended (the “U.S. Securities
Act”) or the securities laws of any U.S. state, or are exempt from
registration. The securities that may be offered in any transaction
have not been and will not be registered under the U.S. Securities
Act or the securities laws of any U.S. state and Worldline does not
intend to make a public offering of any such securities in the
United States.
- Worldline to acquire a 40% stake in Online Payment Platform
B.V.
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