Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, and Wirecard have signed an agreement to begin their next generation digital partnership in payment services.

CAPS and Wirecard will provide new e-commerce payment acceptance and acquiring services, launching at the beginning of 2019. This partnership will also reinforce the development of mobile Point-of-Sale (mPOS) and other Point-of-Sale (POS) solutions for fast and easy payments in line with new uses and consumer payment journeys.

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The initial negotiations between the two companies started back in December 2017 and now the next stage has started to develop more efficient and seamless multichannel solutions.

In addition to new customer acquisitions, CAPS will offer its existing clients the possibility to combine their existing POS solutions with online and mobile offerings, so that its consumers can reap the benefits from an integrated digitalised solution.

Bertrand Chevallier, CEO of Crédit Agricole Payment Services, said: “We are delighted to announce the agreement with Wirecard, one of the most innovative providers of digital financial technology. This will bring our leadership in payment solutions to the next level. By capitalising on the respective strengths of Crédit Agricole Payment Services and Wirecard, this partnership will enable both companies to grow in a rapidly changing market.”

Markus Braun, CEO of Wirecard, commented: “Crédit Agricole Group is a leader in the payment market in France. We are proud to provide Crédit Agricole Payment Services with our digital ecosystem of multichannel solutions and value-added services – all through one platform. Today, it is essential to offer businesses and consumers a smooth digital payment experience and we are looking forward to shaping the future of digital commerce together across Europe.”

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