Worldline and Credit Agricole completed the formation of a joint venture.

Crédit Agricole, a international banking group, and Worldline, a payment services provider, completed the formation of a joint venture to provide digital payments to merchants in France. The joint venture is 50% owned plus one share by Worldline and will therefore be fully consolidated. Crédit Agricole holds 50% of the capital less one share and will supervise the joint venture. Financial terms were not disclosed. "This is another key step in our strategic partnership with the Crédit Agricole group in France, a market offering extremely important development prospects for Worldline. By combining Worldline's technological expertise and offerings in payments with Crédit Agricole's performance and distribution power, this unique collaboration promises to meet the ever-changing needs of merchants. Together, we have the greatest ambitions for our joint-venture, which will offer the best of our two groups to merchants and retailers operating in France in both physical and online commerce," Gilles Grapinet, Worldline CEO.