In recent news, the European payment service provider, Worldline, has acquired iDeal, the leading online payment method in the Netherlands. This acquisition is a significant move for Worldline as it expands its presence in the Dutch market and strengthens its position as a leading payment service provider in Europe.
iDeal is a popular payment method in the Netherlands, with over 60% of online transactions in the country being made through this platform. It allows customers to make secure online payments directly from their bank accounts, without the need for credit cards or other payment methods. This makes it a convenient and reliable option for both consumers and merchants.
Worldline, on the other hand, is a leading payment service provider in Europe, offering a wide range of payment solutions to businesses of all sizes. With this acquisition, Worldline will be able to offer iDeal as a payment option to its customers, further expanding its reach in the Dutch market.
The acquisition of iDeal is part of Worldline’s strategy to expand its presence in Europe and become a leading player in the payment industry. The company has been actively acquiring other payment service providers in recent years, including SIX Payment Services and Ingenico Group, to strengthen its position in the market.
The acquisition of iDeal is also expected to benefit merchants who use Worldline’s payment services. By offering iDeal as a payment option, merchants will be able to reach a wider customer base in the Netherlands and provide their customers with a convenient and secure payment method.
Overall, the acquisition of iDeal by Worldline is a significant move for both companies and the payment industry as a whole. It will allow Worldline to expand its presence in the Dutch market and offer its customers a popular and reliable payment method. It also highlights the growing importance of online payments and the need for payment service providers to offer a wide range of payment options to meet the needs of consumers and businesses alike.
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- Source: Plato Data Intelligence: PlatoData