Worldline, a global leader in payment services, and Printec Group, a leading payment technology integrator in the CEE region, have signed a strategic partnership agreement. Focusing on two main areas, financial institutions and merchants, the partnership will enable Printec Group and Worldline to expand the range of payment services in 16 countries in Central and Eastern Europe.

Financial Institutions will benefit from Printec’s expanded portfolio of services, complemented by Worldline’s processing services and solutions, allowing Printec Group to cater to the evolving needs of financial institutions, by offering effective business models that enable them to focus on developing their customer relationships. In addition to Acquiring Processing, the scope of the partnership encompasses other business areas, including Issuing Processing, Account Payments and Digital Services.

The partnership also provides numerous benefits for merchants. Printec Group's distinctive payment platform offers them commercial acquiring services on all acceptance channels and will bring banks, merchants and consumers closer since they will be able to interact in a secure, agile and seamless way. In addition, they benefit from a one-stop-shop service for all their payment needs, while consumers enjoy the most advanced digital payment services.

Alessandro Baroni, Head Global Financial Services at Worldline, said: “We are excited to announce the signing of this strategic partnership with Printec Group. Worldline’s range of payment solutions and services is ideally placed to meet the current market needs across the CEE region. In partnering with Printec, Worldline reinforces its commitment to developing its presence across the CEE region and stimulating further business growth and opportunities.”

Harris Konstantinou, Chairman of Printec Group, said: “This partnership is aligned with Printec's strategy of creating an independent payment infrastructure by providing outsourcing services to all customers. The value of this shared vision with Worldline is that it fulfils the market needs by delivering innovative and operationally efficient end-to-end payment infrastructure which enables business growth and provides unparalleled value to all parties involved.