In a move
to change the payment services landscape in France, Crédit Agricole and
Worldline have joined forces to launch CAWL. This brand promises to deliver
tailored solutions to merchants across various sectors.
CAWL
represents the synergy between Worldline’s global payments services technology
and Crédit Agricole Group’s strong banking market presence and distribution
network.
“CAWL
has the ambition to be a major player in payments for all merchants in France,
with an offering that combines service, proximity, and high technology,
leveraging the strengths of Crédit Agricole and Worldline,” Meriem
Echcherfi, the CEO of CAWL, emphasized the company’s ambition to become a major
player in the French payment services market.
The move came less than three months after France’s Crédit Agricole acquired a 7% stake in Worldline to strengthen the joint venture partnership between the two
entities.
CAWL aims
to cater to merchants’ diverse needs, regardless of their size,
industry, or sales channels. Large merchants can expect omnichannel solutions
from dedicated commercial teams with industry-specific expertise.
#Worldline et @Credit_Agricole dévoilent aujourd’hui #CAWL, la nouvelle marque de #paiement pour les commerçants en France. Son offre s’appuie sur les forces du Crédit Agricole et de Worldline, alliant service, proximité, haute technologie et innovation : https://t.co/LRscrJCGqL pic.twitter.com/KMTHbk0UkA
— Worldline France (@WorldlineFrance) April 8, 2024
Meanwhile,
professionals and SMEs will benefit from all-in-one offerings tailored to their
industry verticals, distributed through Crédit Agricole Group banks and digital
channels starting in 2025.
Commerzbank is another banking giant that recently collaborated with Worldline. As Finance Magnates reported in January, Commerzbank extended its partnership with the payments company, unveiling real-time
euro transfers.
“We
also aim to be a leader in innovation by creating integrated offerings that
significantly increase the added value for merchants and, by extension, for
their own customers,” added Echcherfi.
The brand’s
offerings will incorporate Worldline’s advanced technologies and capabilities and Crédit Agricole Group’s deep understanding of the French market. Merchants can look forward to a seamless
e-commerce platform, state-of-the-art SmartPOS solutions, and access to
multi-currency, multi-country, and multi-payment network services.
Worldline’s 2023 Net Loss
Worldline recently disclosed its financial achievements for the year 2023, revealing
a strategic initiative to refine its operational framework. The company
experienced 6% organic growth in revenue, reaching €4.61 billion, marking a
significant milestone in its financial trajectory.
Despite
these gains, the company faced challenges, as indicated by a net loss that led
to a pessimistic response from the stock market, with its shares plunging over
11% on the French stock exchange. In light of these developments, Worldline has
articulated a medium-term vision focused on securing mid to high single-digit
organic growth and enhancing profitability starting in 2024. A critical
component of this strategy is improving its free cash flow conversion rate to
nearly 50%.
“After a strong first semester and despite a positive commercial momentum in 2023, Worldline’s second half was materially impacted by a gradual overall macroeconomic and consumption slowdown in our core geographies,” said Gilles Grapinet, the CEO of Worldline.
Worldline’s expansion of its international presence is central to achieving these goals,
exemplified by the recent acquisition of a new license in Singapore.
In a move
to change the payment services landscape in France, Crédit Agricole and
Worldline have joined forces to launch CAWL. This brand promises to deliver
tailored solutions to merchants across various sectors.
CAWL
represents the synergy between Worldline’s global payments services technology
and Crédit Agricole Group’s strong banking market presence and distribution
network.
“CAWL
has the ambition to be a major player in payments for all merchants in France,
with an offering that combines service, proximity, and high technology,
leveraging the strengths of Crédit Agricole and Worldline,” Meriem
Echcherfi, the CEO of CAWL, emphasized the company’s ambition to become a major
player in the French payment services market.
The move came less than three months after France’s Crédit Agricole acquired a 7% stake in Worldline to strengthen the joint venture partnership between the two
entities.
CAWL aims
to cater to merchants’ diverse needs, regardless of their size,
industry, or sales channels. Large merchants can expect omnichannel solutions
from dedicated commercial teams with industry-specific expertise.
#Worldline et @Credit_Agricole dévoilent aujourd’hui #CAWL, la nouvelle marque de #paiement pour les commerçants en France. Son offre s’appuie sur les forces du Crédit Agricole et de Worldline, alliant service, proximité, haute technologie et innovation : https://t.co/LRscrJCGqL pic.twitter.com/KMTHbk0UkA
— Worldline France (@WorldlineFrance) April 8, 2024
Meanwhile,
professionals and SMEs will benefit from all-in-one offerings tailored to their
industry verticals, distributed through Crédit Agricole Group banks and digital
channels starting in 2025.
Commerzbank is another banking giant that recently collaborated with Worldline. As Finance Magnates reported in January, Commerzbank extended its partnership with the payments company, unveiling real-time
euro transfers.
“We
also aim to be a leader in innovation by creating integrated offerings that
significantly increase the added value for merchants and, by extension, for
their own customers,” added Echcherfi.
The brand’s
offerings will incorporate Worldline’s advanced technologies and capabilities and Crédit Agricole Group’s deep understanding of the French market. Merchants can look forward to a seamless
e-commerce platform, state-of-the-art SmartPOS solutions, and access to
multi-currency, multi-country, and multi-payment network services.
Worldline’s 2023 Net Loss
Worldline recently disclosed its financial achievements for the year 2023, revealing
a strategic initiative to refine its operational framework. The company
experienced 6% organic growth in revenue, reaching €4.61 billion, marking a
significant milestone in its financial trajectory.
Despite
these gains, the company faced challenges, as indicated by a net loss that led
to a pessimistic response from the stock market, with its shares plunging over
11% on the French stock exchange. In light of these developments, Worldline has
articulated a medium-term vision focused on securing mid to high single-digit
organic growth and enhancing profitability starting in 2024. A critical
component of this strategy is improving its free cash flow conversion rate to
nearly 50%.
“After a strong first semester and despite a positive commercial momentum in 2023, Worldline’s second half was materially impacted by a gradual overall macroeconomic and consumption slowdown in our core geographies,” said Gilles Grapinet, the CEO of Worldline.
Worldline’s expansion of its international presence is central to achieving these goals,
exemplified by the recent acquisition of a new license in Singapore.
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- Source: https://www.financemagnates.com//fintech/payments/crdit-agricole-and-worldline-unite-to-present-cawl-new-player-in-payments-services/
