Global payment services firm Worldline is acquiring a 40% stake in Online Payment Platform (OPP), a payment service provider (PSP) with a dedicated payment solution for marketplaces and platforms with a focus on eCommerce.
Worldline’s stake in OPP will enrich its value proposition in the marketplaces and platforms vertical, where one-third of European eCommerce transactions take place, according to a press release on Thursday (Sept. 29).
Marc-Henri Desportes, Deputy CEO of Worldline, said the deal with OPP gives Worldline access to the “exciting growth market” of marketplaces and platforms.
He added that with “OPP’s European footprint and market leading scalable technology,” Worldline can continue to work towards becoming a “truly global paytech leader.”
See also: DFM Taps Worldline for Instant Payments, CSM Partner
Most eCommerce transactions take place on B2C storefronts with just a few PSPs supporting payments. Marketplace and platform payments require the ability to handle numerous merchants with low sales volume in addition to escrow payments with dispute and mediation management for C2C businesses as well, per the release.
Founded in 2011, the Dutch firm OPP is headed by founder Richard Straver and CEO Maurice Jongmans. The company focuses on digital payments for marketplaces and platforms with a specific focus on C2C.
“We are proud to join forces with the European leader in payments, Worldline. We can leverage each other’s strengths to improve the service offering to OPPs client base, and roll it out to new geographies for new clients. Our team is delighted to join the Worldline family and embark on this incredibly exciting next growth chapter,” said Straver.
Read more: Amazon, Nexi, Worldline, CaixaBank, EPI Join Digital Euro Project
OPP has a workforce topping 60 employees and serves all of the European Union and the U.K. The company obtained a Dutch PI license in 2014 and serves over 100 marketplaces and platforms, offering customer support, fast merchant onboarding and dispute management.
Worldline is expected to close on the 40% acquisition by the end of 2022. The deal also includes a call option to buy the remaining 60% in 2026.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More