Worldline has completed the acquisition of a 53% stake in Eastern European payments services provider GoPay.

According to the terms of the agreement, Worldline is entitled to buy the remaining stakes in GoPay in 2022.

GoPay is an online payment services provider for small businesses (SMBs) in the Czech Republic. Last year, GoPay generated CZK7m ($3.1m) in revenue.

The company employs 45 people and over 10,000 e-shops in Czech Republic, Slovakia, Poland and Hungary accept payments with GoPay.

GoPay’s payment collecting engine caters to the needs of SMBs and offers an extensive suite of local payment methods.

GoPay founder and CEO Pavel Schwarz said: “Together with the GoPay team, we are proud to be part of the Worldline family. This will enable us to enlarge our footprint in the region even faster and further develop our products and services. I strongly believe our customers will benefit from this new partnership.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As part of the acquisition, GoPay will strengthen the financial position of Worldline’s Merchant Services division.

Worldline will develop its online collecting activity across Eastern Europe, and also boost its presence in the Czech Republic with Komercni Banka’s partnership.

Worldline chairman and CEO Gilles Grapinet said: “I am very happy to welcome GoPay in the Worldline Group, which will significantly expand our online payment capabilities in the fast-growing Eastern European markets and strengthen our existing relationship with Komercni Banca.”

In February 2020, Worldline agreed to buy French peer Ingenico for €7.8bn.