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September 28, 2021

Worldline offers WL Account-Based Payments for online businesses

European payments firm Worldline has launched WL Account-Based Payments, an open banking account-to-account (A2A) payment solution for online businesses.

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  • ESG
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  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
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With the new programme, online businesses can launch a custom-branded payment method.

WL Account-Based Payments enables third parties to access consumer banking information. It also offers custom branding, instant settlement notifications and low fees among other features.

The offering can be accessed through a single API and provides businesses with access to 20 European countries and the UK.

Worldline plans to add QR code payments with one-click refunds and recurring payments setup at checkout to the offering. The additions will be made later this year.

The company aims to enhance user experience and improve conversion rates.

Initially, WL Account-Based Payments will launch gradually across Europe and later expand into Asia and Latin America.

Worldline head of Product Management Digital Commerce Eline Blomme said: “WL Account-Based Payments gives you more control over all aspects of the payment process. Custom branding, instant settlement notification and lower fees are just some benefits of this open banking product.

“We are currently developing the solution for some big household names and are excited to see the momentum building around open banking and what it can deliver for our customers and the digital commerce ecosystem.”

Earlier this month, Worldline announced the addition of WhatsApp Business API to its WL Mobile messaging solutions.

The move will enable conversations between businesses and clients located across the world through the WhatsApp messaging platform.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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