Crédit Agricole Payment Services (CAPS), part of French banking group Crédit Agricole, and payments firm Wirecard have unveiled the next stages of their digital payment partnership.
The aim is to join forces in order to introduce cross-channel acceptance and pan-European acquiring services.
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CAPS has a payment market share of around 30% in France. The firm processed over 10 billion transactions in 2017.
Commenting on the alliance, CAPS CEO Bertrand Chevallier said: “We are focusing on innovations to our merchants in France and the whole of Europe.”
The partnership offers CAPS access to the new e-commerce shop extension tool of Wirecard.
The solution will be trialled soon with a roll-out expected by the end of 2019.
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By GlobalDataBesides, the two parties have now agreed on joint commercial business routes for tier 1 merchants.
The customers will gain access to e-commerce payment acceptance and acquiring services from Wirecard.
Wirecard EVP FinTech and Financial Institutions Thorsten Holten said: “Since announcing our partnership, we have been working constantly on developing joint state-of-the art digital payment solutions as well as an effective go-to-market strategy, especially for tier 1 customers.
“Once it is in place, we will work on expanding our offering including our unique white labelling proposition aimed at accelerating the integration of merchants’ online shops with our innovative financial commerce platform.”
The companies announced the tie-up last year.
