BNP Paribas and BPCE to Focus on Enhancing Payments

With this strategic partnership project, BNP Paribas and BPCE wish to take a major new step in the payments field by jointly acquiring the best technology for processing payments for card holders and merchants.

This processor would handle all card payments “from BNP Paribas and Groupe BPCE in Europe, accounting for 17 billion transactions, and could also be opened to other banks.”

It would thus aim to be the Number 1 processor “in France, both Groups share the ambition to make it one of the Top 3 processors in Europe.”

Given the unprecedented development of payment infrastructures and its future prospects, it is essential to “invest in a way that is commensurate with the challenges.”

The partnership project announced between BNP Paribas and BPCE will “respond to ongoing market developments, in particular those relating to the digitalization of payment systems, the virtualisation of debit cards and promotion of instantaneous transactions.”

It strengthens the partnership which already “links the two banks within Partecis for the development of payment processing software, which they intend to expand and consolidate into a reference payment processor on the market, on an international level.”

The partnership would result in “the creation of a common processor with a technological platform (operations, back-office activities and development), capable of integrating the best technological standards for payments, the growing usage of digitalization (acceleration of mobile payments, expansion of e-commerce, demand for immediacy) and the innovations brought about by domestic and international schemes (Carte Bancaire, Visa, Mastercard, EPI/Wero.).”

With 17 billion transactions from BNP Paribas and BPCE processed, this processor would be the leader in France and “will rank among the Top 3 in Europe.”

It could also be opened to “handle transactions from other banking institutions.”

The partnership is accompanied by an exclusive agreement “between BNP Paribas and BPCE to create a target business model in the form of a joint venture.”

The first generation of our collaboration in payments with BNP Paribas was a great success.

With this new industrial partnership project, in line “with their next strategic plan, they are taking an important step towards accelerating innovation in payments in the coming years.”

In this way, we will offer the best quality of service to their customers, “in particular the networks Banque Populaire and Caisse d’Epargne.”

Jean-Laurent Bonnafé, Director and CEO of BNP Paribas:

“Payment systems are an essential component of the bank’s relationship with its customers, and we must ensure they adhere to the highest possible standards. Given that the increase in card transactions is exponential, our ambition for this processor, is to create a device that is efficient and scalable across all our European locations. It is this context that demonstrates how important this joint European platform project with Groupe BPCE is, as it aims to support the acceleration of our development in payment systems.”

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