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.