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Banque Raiffeisen selects Worldline for cloud-based instant payments solution

  • Partnership Announcement:
    • Banque Raiffeisen, Luxembourg’s sole cooperative bank, partners with French paytech Worldline.
    • Banque Raiffeisen becomes Worldline’s first Luxembourg-based client for instant payments.
  • Instant Payments Implementation:
    • Worldline to equip Banque Raiffeisen with tools for sending and receiving instant payments per EU regulations.
    • Benefits include greater TIPS connectivity and improved onboarding processes.
  • Additional Services:
    • Implementation of stand-in account checks and transaction sanction screening.
    • Long-standing partnership includes issuing processing, ATM acquiring, and SEPA credit transfer clearing and settlement.
  • Statements from Banque Raiffeisen:
    • Eric Peyer, ExCo member, values the 15-year partnership with Worldline.
    • Emphasizes the smooth implementation of instant payments and future readiness for peer-to-peer and point-of-sale payments.
  • Worldline Background:
    • Founded in 1974, Worldline has been active in recent strategic ventures.
    • In April, launched a merchant payments joint venture, CAWL, with Crédit Agricole.
    • Announced a global workforce reduction by 8% in February to save €200 million in costs.

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