Worldline [Euronext: WLN], a global leader in payment services, and OPP (Online Payment Platform), a leading specialised payment provider for platforms and marketplaces, today announced the launch of their innovative Embedded Payments solution in Europe. This collaboration provides businesses with a suite of payment capabilities that are uniquely designed to address the complex needs of platforms and marketplaces.
The new Embedded Payments solution combines OPP's specialized payment technology, built for platforms since its inception, with Worldline's extensive acquiring, acceptance expertise and POS capabilities. This integrated solution empowers platforms and marketplaces with essential features such as split payments, advanced escrow, and unique mediation handling, unlocking new revenue opportunities and user engagement.
Embedded Payments is designed to meet the diverse needs of these platforms, providing a complete, turnkey solution that not only helps their users sign-up, sell, and get paid fast, but also manage this across multiple currencies. It supports all relevant payment methods and offers unparalleled local support capabilities, helping businesses navigate the complexities of serving their users across markets.
Embedded Payments provides platforms and marketplaces with:
- A turnkey, one-stop-shop: Streamlining operations with integration support, and user-friendly interfaces.
- Strong business and consumer onboarding: Increasing trust for users and reducing fraud.
- Fully compliant EU and UK solutions: Ensuring adherence to regulatory standards.
- High quality level of support: Providing comprehensive assistance through first and second line support, automated mediation tools, and more.
- Fast and easy deployment: Getting platforms up and running quickly with an integrated Embedded Payments solution.
As the market continues to evolve, Worldline and OPP are committed to driving the sector forward through a comprehensive payments offer, underpinned by exceptional local support. The Embedded Payments solution is now ready for rollout, with a focus on EU markets and ambitious plans for expansion into the UK and Switzerland, bolstered by the recent acquisition of the EMI license for the UK. Future developments on the roadmap include advancements such as Tap on Mobile and Point of Sale integrations, further enhancing the payment experience for users.
Marc-Henri Desportes, Chief Executive Officer at Worldline, stated, “Our partnership with OPP reflects our commitment to innovation in payments. By combining OPP’s robust platform capabilities with our extensive acquiring expertise, we are delivering an Embedded Payments solution that provides platforms and marketplaces a unique pathway to integrate and leverage new payment opportunities.”
Richard Straver, Founder of OPP, remarked, “With this joint offering, we are setting a new benchmark in the payments landscape. Our approachability, combined with Worldline’s unrivalled footprint, allows us to provide a seamless and efficient experience for platforms and their sub-merchants. This solution not only facilitates transactions but also supports our clients with features like escrow and mediation, enhancing trust and security in every transaction.”
Both companies are thrilled to unveil their cutting-edge Embedded Payments solution at the exclusive event " The New Embedded Payments. Designed for visionaries.", hosted at Worldline’s Innovation Experience Centre at the company's headquarters in Paris-La Défense and broadcasted online. This highly anticipated event will take place on the afternoon of 22 October 2024, offering a unique opportunity to explore the future of embedded payments for platforms and marketplaces.
