Key insights: Visa and Mastercard are expanding their role in cross-border payments. What's at stake: Both card companies are trying to gain more revenue from sources beyond card swipes. Forward look: In other global news, French payment firm Worldline is refocusing is business following regulatory pressure and financial challenges.  Mastercard is partnering with Chinese technology giant Tencent to combine the Mastercard Move funds transfer service with the TenPay cross-border payment rail and the Weixin Pa ...

Core Insights - Worldline is divesting PaymentIQ, a payment orchestration platform, to Incore Invest for approximately €160 million, marking a strategic refocus on core European payment activities [1] - The divestment is part of Worldline's North Star transformation plan aimed at simplifying operations and optimizing resource allocation [1] - The expected financial impact of the divestment includes an estimated €50 million in revenue, €40 million in Adjusted EBITDA, and €30 million in free cash flow for 2026 [1] Financial Overview - The total expected cash proceeds from various disposals, including PaymentIQ, are projected to be in the range of €510-560 million [1] - Worldline generated €4.6 billion in revenue in 2024, indicating strong business performance [2] Strategic Focus - The divestment aligns with Worldline's strategy to enhance its financial profile and support the redeployment of capital towards core activities [1] - Worldline aims to design and operate digital payment solutions that promote sustainable economic growth and reinforce trust and security [2]

Incore Invest has signed an agreement to buy CoreOrchestration, a Swedish software firm behind the PaymentIQ payment orchestration platform, from Worldline in a carve-out transaction. The closure of the acquisition is anticipated in the first quarter of 2026, after which CoreOrchestration will operate independently under the ownership of Incore. Following the transaction’s completion, Incore will assume complete ownership, supporting CoreOrchestration as an active and long-term stakeholder with a focus o ...

Core Insights - Worldline is divesting its payment orchestration platform PaymentIQ to Incore Invest for approximately €160 million, marking a strategic refocus on core European payment activities as part of its North Star transformation plan [1][2] - The transaction aims to simplify operations, optimize resource allocation, and enhance management focus on core payment activities, thereby strengthening the Group's financial profile and strategic flexibility [2][3] Financial Impact - The estimated full-year impact of the divestment on Worldline's revenue, Adjusted EBITDA, and free cash flow is approximately €50 million, €40 million, and €30 million, respectively [3] - Combined cash proceeds from the disposals of various operations, including PaymentIQ, are expected to be in the range of €510-560 million [3] Transaction Details - The closing of the transaction is anticipated in Q1 2026, pending the works council consultation process [4] - Perella Weinberg is acting as the sole financial advisor, while Gernandt & Danielsson serves as the legal advisor to Worldline [4]