ANZ has signed a binding agreement to acquire Worldline’s 51% interest in Worldline Australia (ANZ Worldline), which provides payment acceptance services for merchants across the country.
Under the agreement, ANZ will acquire Worldline’s 51% share for an enterprise value of A$89m (on a 51% basis) ($63.4m). The transaction implies an estimated equity value of around A$30m (on a 51% basis).
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ANZ and Worldline formed the joint venture in 2022. The partnership was launched to provide small business, commercial and institutional customers with technology for point-of-sale and online payments.
According to the ANZ Worldline website, the joint venture employs more than 300 payments specialists. The team is based at its headquarters in Melbourne, with additional locations in Sydney and Brisbane.
ANZ already holds 49% stake in the payments JV.
In a statement, it said the acquisition aligns with its 2030 strategy. The bank added the deal will allow it to provide customers with a “holistic bank offering”.
ANZ Managing Director Transaction Banking, Institutional Lisa Vasic said: “The ANZ 2030 strategy puts transaction banking at the centre of what we deliver to customers – whether it’s improving their experiences, offering them leading technologies and platforms, or keeping them safe.
“This acquisition will allow us to strengthen our direct relationship with our customers and better meet our customer’s needs, as we continue to focus on providing our small business customers, right up to our largest Institutional customers, with a compelling merchant proposition.”
The transaction is subject to approval from the Australian Competition and Consumer Commission. ANZ expects completion in the second half of the 2026 fiscal year.
The “Big Four” bank added there will be no change to ANZ Worldline’s operations once the deal completes. Customers can continue to use ANZ Worldline services and products “as they do today”.
Earlier this year, Worldline agreed to sell its Indian business to BillDesk to focus on core payment activities in Europe.
