News from the Wire

Worldline helps GarantiBBVA meet EU regs

Thursday, November 21, 2024 — 12:48:22 (EST)

Utrecht, 21 November 2024 - Worldline [Euronext: WLN], a global leader in payment services, has signed a contract with GarantiBBVA International N.V. to implement its cloud-based instant payments solution. This multi-year agreement will empower GarantiBBVA International to seamlessly comply with the latest regulatory requirements for instant payments, and it marks a significant step in the bank’s digital transformation.

The strategic partnership marks a significant advancement for GarantiBBVA International, providing a pathway to not only meet the latest EU Instant Payments regulations in time, but also to accelerate their digital transformation initiatives. By adopting Worldline’s cutting-edge solution, GarantiBBVA International will be equipped to send and receive instant payments in accordance with the new regulatory requirements while enhancing its service offerings and operational efficiency.

Worldline’s cloud-based instant payments solution is tailored to meet the specific needs of mid-size banks, offering a robust suite of services that ensure compliance, efficiency, scalability, and rapid time-to-market, enabling banks deliver secure, reliable, and real-time fund transfers to its clientele. Sheri Brandon, Head of New Business, Financial Services at Worldline: "We are committed to equip mid-size banks with the innovative tools necessary to excel in the instant payments arena and are thrilled to support GarantiBBVA International in this critical transformation. This collaboration with GarantiBBVA International highlights our commitment to deliver innovative, efficient, and scalable payment solutions and we are thankful for their continued trust."

Marco Witteveen, COO at GarantiBBVA International N.V.:"This partnership with Worldline is a pivotal step as it not only ensures our compliance with the EU Instant Payments Regulation, but also strengthens our ability to offer our customers fast, secure, and trustworthy payment solutions. We have been entrusting our SEPA payments to Worldline for many years, and are eager to embrace the operational efficiencies and enhanced functionalities that this innovative solution will provide to GarantiBBVA International and our customers."

To learn more about this instant payments solution: Worldline Global | Instant payments at the heart of your digital transformation

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Source: Company press release.