Payment processing companies Wirecard, Crédit Agricole Payment Services form partnership

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Payment processing platform Wirecard has formed a partnership with Crédit Agricole Payment Services, to develop new e-commerce payment solutions.

Through the partnership, the companies will look to launch new e-commerce payment acceptance and acquiring services at the start of next year. Alongside this, both parties hope to further the development of mobile POS and other point-of-sale solutions to help cater for new uses and consumer purchasing methods.

The new partners will also look to support the international development of customers via its centralised platform that supports acceptance and acquiring across Europe.

Crédit Agricole Payment Services is aiming to provide its clients with the ability to combine existing POS platforms with online and mobile solutions, in order to bolster their digitalisation.

Founded in 1999, Wirecard builds software to help businesses accept online, offline and mobile payments. Its products, which are used across the retail, services, and banking industries, not only help with processing various payment types but can help protect businesses from fraud via risk management support.

Crédit Agricole Payment Services, a wholly-owned subsidiary of Crédit Agricole, helps businesses process payments. Last year the company issued 19 million cards, and helped to process more than 10 billion transactions, according to the copmany.

Wirecard CEO Markus Braun said, “Crédit Agricole Group is a leader in the payment market in France. We are proud to provide Crédit Agricole Payment Services with our digital ecosystem of multichannel solutions and value-added services – all through one platform. Today, it is essential to offer businesses and consumers a smooth digital payment experience and we are looking forward to shaping the future of digital commerce together across Europe.”

Earlier in the year, Crédit Agricole CIB made an undisclosed investment in to blockchain-based payments platform SETL, picking up a minority stake. London-based SETL develops a blockchain technology that is capable of multi-asset, multi-currency institutional payments and settlements.

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