Worldline - 2020 Universal Registration Document
DESCRIPTION OF THE GROUP’S BUSINESS Worldline: a regulated Group
Worldline: a regulated Group C.4
Worldline is the new world-class leader in the payments and transactional services industry, with a global reach. The Group ability to provide its clients with a geographicallydi fferentiated offer is a major strength, as we are able to position ourselves in each geographical region with the solutions that are best suited to local markets.
As a global payment services provider, Worldline faces various local regulations on payment services. It is of importance that Worldline keep its knowledge up to date for business and regulatory purposes.
European Regulation C.4.1
Regulation of payment services in Europe C.4.1.1 Due to acquisitions in 2020, new European licenses have been incorporated. In July 2020, Worldline acquired the company GoPay s.r.o. as a joint venture with headquarters in the Czech Republic. With the closing of the acquisition of Ingenico on October 28, 2020, another 4 European licenses have been taken-over by the Group.
Licensed institutions in Europe are allowed to operate in their Home member state in which they are licensed as well as in any other Host member state in which they are authorized to operate either pursuant to the European principal of free services provisioning, or through freedom of establishment via a branch located in the host member state or through an agent. Most of the licensed entities within Worldline have passported their license in other European Member States.
Licensed entity in Europe within Worldline Group
Payment institution license E-Money Institution License
Ingenico Financial Solutions NV/SA
Six Payment Services SA
Payment institution license Professionel des services financiers (PFS) license Payment institution license Professionel des services financiers (PFS) license
Worldline Sweden AB
Payment institution license Payment institution license Payment institution license Settlement institution license Payment institution license E-Money Institution License E-Money Institution License Limited permission credit firm
Global Collect Services BV
GoPay s.r.o. Joint Venture PayOne GmbH Joint Venture
The United- Kingdom Ingenico E-Commerce SolutionsLtd
Financial Conduct Authority
The provision of payment services is a regulated activity that requires a license when carried out in European Union member states that have implemented the revised Payment Services Directive (PSD2) entered into force early 2018, which regulates payment services in domestic markets.
Universal Registration Document 2020
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