Worldline (Euronext: WLN), the European payments and transactional services firm, and Chargebee, the subscription billing and revenue management platform, will offer payment, subscription and revenue operations solutions.
With an integrated solution, Worldline and Chargebee help merchants with enhancing and further expanding their business operations, “efficiently and at scale.”
The announcement also mentioned that tjhe combination of Worldline’s payment gateway and Chargebee’s subscription management solution means merchants can effectively “manage subscription billing and recurring payments through one central solution that covers all operational and payment aspects,” according to a release.
Chargebee currently supports firms operating in more than 50 countries. Using its Software-as-a-Service (SaaS) platform, any subscription-based business can “automate and scale core processes including subscriptions, payments and revenue recognition processes, resulting in increased customer retention, reduced failed payments and actionable metrics and insights that can be converted into new business opportunities.”
With minimal implementation time, merchants can “quickly and seamlessly offer an enhanced end-user experience with self-service capabilities and an easy integration with all business and marketing tools,” the update noted.
Daniel Nordholm, Head of Worldline’s Merchant Services division for Regional Businesses.
“Worldline serves 1 million merchants across the globe, and we share with Chargebee a belief in making payments simple to allow businesses of all sizes to scale up. We are very excited to join forces and combine Chargebee’s vast expertise in the subscription economy with our expertise in payments to offer the best user experience for our customers.”
Eric Chan, Head of Partnerships at Chargebee, remarked:
“The addition of Worldline into the Chargebee ecosystem was a natural fit to help advance our expansion strategy of ‘think global and act local’, while keeping our customers’ needs top of mind by providing a seamless experience that can grow and scale with a business of any size.”
Services provided by Worldline in the areas of Merchant Services; Terminals, Solutions & Services; Financial Services and Mobility & e-Transactional Services include local and cross-border commercial acquiring (in-store and online), highly-secure payment transaction processing, a broad portfolio of payment terminals as well as e-ticketing and digital services in the industrial environment.
Last year, Worldline generated “a proforma revenue of 4.8 billion euros.”
As noted in the update, Chargebee is the subscription management platform that automates revenue operations of more than 3500 high-growth subscription-based businesses from startups to enterprises.
The SaaS platform “helps subscription businesses across verticals, including SeaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights.”
Established in 2011, Chargebee “counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base.”
