Payments provider equensWorldline has teamed up with UniCredit to mange its payments processing business in Germany and Austria.
Through the partnership, equensWorldline will process all SEPA payments, instant payments, multi-currency, domestic and high value payments for both financial institutions.
Michael Steinbach, equensWorldline CEO, said: “We are very proud of this partnership. It shows that more and more leading financial institutions are exploring the benefits of sourcing their payments operations from a specialised pan-European payment processor like us.
“At equensWorldline, we act as a provider and as a sparring partner bringing innovation, price competitiveness and guaranteed regulatory compliance. This means that we are seeking to build the future in order to shape the payment landscape in Europe as well as globally by collaborating with strong leading bank partners such as UniCredit.”
The announcement comes after equensWorldline also collaborated with Commerzbank in 2018 to undergo a long-term processing contract.
Under the new deal, equensWorldline will be responsible for payment processing for UniCredit in Germany and Austria. In addition, all payments will be processed on one integrated platform enabling innovation across account-to-account payment products.
Steinbach added: “Both equensWorldline and UniCredit have strongly established themselves in the European financial sector, and have been working as leaders in this environment successfully for many years.
“By jointly leveraging our longstanding experience and European footprint, we can offer European customers the services that suit them best. All of that will be further leveraged to the benefit of the customers as the payments processing is rapidly evolving into a global real-time payments world.”
Alessandro Baroni, equensWorldline CMO, said: “We celebrate this exciting deal that gives equensWorldline the opportunity to cooperate with UniCredit. We hope to transform payments processing in two of its core markets, fostering operational excellence and supporting distinct product and IT innovation.”