Crédit Agricole and Worldline announce the launch of their joint-venture - Seite 2

Jean-Paul Mazoyer, Deputy General Manager of Crédit Agricole S.A. in charge of Technology, Digital and Payments: "After a period of preparation, the launch of our joint-venture marks the real starting point of our partnership with Worldline. This partnership with a major player in the payments business reflects Crédit Agricole's ambition to strengthen its leadership in the payments business, a service at the heart of the banking relationship. Our joint-venture, which combines Worldline's technological expertise in the acceptance business with the performance and commercial dynamism of the banks in Crédit Agricole group, indeed reflects our shared ambition to offer our merchants customers the very best payment solutions. Under the responsibility of Meriem Echcherfi, Managing Director, our joint-venture will rapidly become a key player and leader in the French market.”

Calendar         

• 2023-2024: joint investment phase of €80 million financed by Worldline and Crédit Agricole, to develop products and offerings and implement the joint venture;
• 2024: finalization of commercial agreements, establishment of the operational structure, regulatory procedures and preparation of dedicated offers and announcement of the new brand;
• Early 2025: the joint venture becomes fully operational and starts generating sales and gross operating income.
  
  

Biographies

Mr Laurent Bennet, Chairman of the Board of Directors of the joint-venture
After starting his career in an agricultural trade organisation, Mr Laurent Bennet spent most of his career at Crédit Agricole, firstly at the Morbihan Regional Bank as a corporate account manager, then as agricultural market manager and deputy credit manager. In 2004, he joined the Pyrénées Gascogne Regional Bank, where he held a number of positions, including Business Manager and Network Manager. He was appointed Deputy General Manager of the Savoie Regional Bank in 2009. In 2013, he joined Crédit Agricole S.A. as Deputy Head of Group Risks and Permanent Controls before being appointed Head of Agriculture, Agrifood and Business Services. Since January 2019, Laurent Bennet has been Chief Executive Officer of Crédit Agricole des Savoie.