equensWorldline

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EquensWorldline
PredecessorInterpay, Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG
Founded2006 as equens, 2016 as equensWorldline
Area served
Single Euro Payments Area
Websiteworldline.com/financial-institutions

equensWorldline SE (formerly Equens) is a payment card and payment processor headquartered in Utrecht, Netherlands which serves the European market. Since 2019, it has been a wholly owned subsidiary of Worldline.[1] As of 2020, equensWorldline had additional branch offices in Belgium, Finland, France, Germany, Italy, Luxembourg and sales representatives in the UK.[2]

History

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Former logo of Equens

Equens was established in 2006 as Europe's first pan-European payment processor. This followed the merger of Europe's two largest payment processors: Interpay from The Netherlands and the Transaktionsinstitut für Zahlungsverkehrsdienstleistungen AG from Germany.

In July 2008, Equens SE was formed as Societas Europaea, initially operating as a holding company. In September 2008, Equens SE extended its activities to Italia, by forming Equens Italia, a 50:50 joint venture with Italy's Istituto Centrale delle Banche Popolari Italiane. In 2011, Equens Italia became a wholly owned subsidiary of Equens SE, and in 2013 it turned into a permanent establishment of Equens.[2]

In 2016, equensWorldline was created, following the merger between Equens SE and Worldline's Financial Services activities in France, Benelux and Germany.[2]

Initially, Worldline hold 63.6% of the shares, the rest (36.4%) being held by Dutch, German and Italian banks.[3] However, Worldline had a call option on the minority shares, which it exercised in 2019, hence becoming the sole owner of equensWorldline.[1]

References

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  1. ^ a b "Completion of the acquisition of the minority 36.4% stake in equensWorldline". Worldline. Retrieved 2020-08-14.
  2. ^ a b c "equensWorldline, about us: history". equensWorldline. Retrieved 2020-08-14.
  3. ^ "Worldline s'allie avec Equens pour se renforcer dans le paiement.N360968". Usine nouvelle. 2015-11-03. Retrieved 2020-08-14.
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