Worldline - Registration Document 2016

6

Business Competitive strengths

This diagram has been set up using the following definitions: Issuing transaction processing: Processing of the issuing ● payment transaction; Services to cardholders: Services such as call centre and ● VAS services (card blocking, loyalty, card-linked solutions, coupons etc.) provided for and on behalf of card issuers. CSM: Clearing and settlement mechanism; ● Credit/debit transfers: Processing of SEPA payment services; ● Services to merchants: services providing Value in or around ● the payment such as loyalty, gift cards, private label cards, or vertical solutions with specific functions for e.g. taxis, Acquiring transaction processing: Third party processing on ● behalf of direct or indirect merchant acquirers; Commercial Acquiring: Contracting with the merchant for ● the provision of the merchant account and access to the necessary schemes to enable the acceptance of the payment method; Acceptance POS/e-commerce: The provision of acceptance ● services including the terminals, maintenance etc. and provision of payment gateways in both the card present Services to new digital businesses: services to companies ● leveraging digital to provide services using payment (transportation companies (e-Ticketing), government (tax collection), etc.). The wide variety of participants in the payment transaction processing industry and the variations among such participants in their coverage of sub-markets within this industry make it difficult to compile specific and reliable market share data. The restaurants, hospitality, etc.; and card not present environment;

following chart summarizes the Company’s estimates with respect to the competitive positions of certain participants in the payment transaction processing industry in Europe only.

PAYMENT SERVICE PROVIDER (PSP) RANKING IN EUROPEANUNION2015 EUROPEANTURNOVER (IN € MILLION)

Worldline*

NETS

First DATA

WorldPay (Net)

SIX Payment Services

Ingenico*

Wirecard

Global Payments

ConCardis

SIA

B+S

Total Systems

0

500 1,000 1,500

* European turnover excluding payment terminal revenue

Source: Company estimates.

6.3

Competitive strengths

Amajor player in Europe with an expanding footprint in emerging

6.3.1

markets

base of customers across global business lines characterized by long-standing and diversified relationships. This positioning provides the Group with a strong platform from which to pursue both organic and inorganic growth opportunities which are expected to arise in the sector. The Group’s track record of successful inorganic growth (e.g., acquisition and successful integration of Banksys in Belgium, successful entry into the Indian market in 2010 through its acquisition of Infotek and more recently the acquisition of Equens (The Netherlands, Germany and Italy) and the strategic alliance with Komercni banca in the Czech Republic) further underlines its ability to seize such inorganic growth opportunities and consolidate its competitive position and scale. Please refer to Section 5.1.5 for a description of the impacts of the acquisition of Equens, Paysquare and KB Smartpay.

with a significant global footprint. This scale helps the Group to drive innovation, be price competitive (thanks to economies of scale), and attract large multi-national clients looking to outsource mission critical payment activities or other digital data processing services. The Group maintains a particularly broad electronic transaction providers in terms of revenue across its three global business lines and, in addition to its strong home market position in France, it holds market leadership positions in Belgium, in the Netherlands, in Germany and in Italy. The Group’s status as one Europe’s leading players is coupled with its strong and growing presence in emerging markets such as India, China and certain countries in Latin America, where it benefits from local growth and knowledge. More generally, the Group’s scale is reinforced by the strong backing of the Atos group, itself one of the largest IT services providers in Europe The Group is one of Europe’s largest payment service and

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Worldline 2016 Registration Document