ANZ and Worldline launch new payment service in Australia
ANZ Worldline Payment Solutions — a joint venture between Australian multinational ANZ and global payments services provider Worldline — has launched in Australia.
The service will offer solutions for small businesses and large enterprises
Aussie merchants will now be able to access payment solutions that will make it easier to transact with the rest of the world, the pair claim, and capitalise on Australia’s post-Covid recovery.
The aim, according to Worldline’s managing director of merchant services Vincent Roland, is to leverage both Worldline’s global scale and ANZ’s local knowledge and financial services expertise.
Roland says: “Australia is number four globally for payment terminals per capita, and the local e-commerce market – thanks largely to COVID – is tipped to get close to AUD 100 billion by 2025.”
Worldline holds a 51% stake in the new entity, with ANZ holding the remaining 49%. Between them, they aim to offer payment solutions for small businesses as well as large enterprises across all sectors.
“For small business, that means making it easier and faster to accept payments by using their customers’ preferred payment method,” Roland adds.
“For large institutions and businesses, it’s about understanding the entire consumer journey, having insight through data at your fingertips and being able to layer-on value-adding solutions like loyalty programs.”
ANZ Worldline Payment Solutions will be headquartered in Melbourne. It aims to support 350 employees, including 185 newly created roles and 169 roles transferring from ANZ’s local operations.
The new company’s CEO Petr Ryska says the firm is planning significant investment in its local offering to deliver new products to the Australian market.
“In 2021, Worldline spent around AUD 380 million globally in research and development. ANZ Worldline Payment Solutions will invest a further AUD 22.4 million in Australia to localise our platform, ensuring we meet the unique requirements of Australian merchants and comply with the various regulatory requirements,” Ryska adds.
