Payment specialist Worldline announced a net loss of 817 million euros for 2023. The company was forced to write down its core business, merchant services.
The group announced on February 7 a plan to cut jobs, affecting up to 8% of its 18,000 employees worldwide. Worldline achieves a better margin on its myriad of “ small ” customers than on the largest, such as hard discount players for example, who negotiate very reduced costs with their payment providers thanks to their business volume.