Worldline is expanding its payment offerings by launching account-to-account payment services across ten European markets.
‘Bank Transfer by Worldline’ has been in pilot mode for the past nine months and is now integrated into approximately 500 of Worldline’s merchants’ online payment services and pay-by-link offerings. This product supports both online and invoice payments, featuring low-code integration, rapid settlement notifications, hassle-free refunds, and consolidated payout, reporting, and reconciliation for both domestic and cross-border transactions.
The launch includes Austria, Belgium, Croatia, France, Germany, Italy, Luxembourg, the Netherlands, Slovenia, and Spain, with plans to introduce services in Poland, Slovakia, the Czech Republic, and Hungary later this year.
Alessandro Baroni, head of Financial Services at Worldline, stated: “By integrating Worldline’s open banking solution, which connects to over 3,500 banks across European countries, Bank Transfer by Worldline provides merchants with a solution that simplifies payment initiation via bank transfer and enhances the customer experience.”
This rollout represents Worldline’s latest effort to explore new revenue opportunities in light of a challenging outlook for its core merchant payments business. Recently, the company announced its move into the embedded payments market, offering platforms and marketplaces a suite of turnkey features across multiple currencies to facilitate quick user onboarding, sales, and payments.