SIX is entering into a strategic partnership with Worldline in the card business (merchant acceptance & acquiring and international card processing). SIX is bringing its existing card business to the partnership and will receive in return a 27% stake in Worldline.
Zurich, 15 May 2018 – SIX and Worldline, two European leaders in the market for payments and transaction services, announced today that they have signed a binding agreement for a strategic partnership. The deal will give SIX a 27% stake in Worldline.
SIX Payment Services and Worldline complement each other perfectly in terms of geographic reach and product offering. The combined unit will be Europe’s largest provider in the payments industry. SIX will therefore hold 27% of Worldline and will have two seats on the board of directors.