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Contract Type
partnership
ItalyFinancial ServicesLendingDescription
Credem and Worldline have partnered in a merchant payments business. Under the agreement, Credem will transfer merchant acquiring activities to Worldline for 95 million euros and also signed a 15-year commercial deal to distribute Worldline's products and services through Credem's network. Their cooperation includes managing payment activities of over 25,000 merchants with 32,000 points of sales that generated transactions of about 3 billion euros in 2023.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months