BNP Paribas and BPCE deliver Estreem

Two major banks in the French square have just made their partnership announced a few months ago regarding the creation of a common payment processor. This is BNP Paribas and COPD They have named their new Estreem processor and already present it as a major European player in payment processing.

FACTS

• The new joint venture Estreem has therefore been officially presented to the general public and on the market. This formalisation is in line with the timetable set by the two partners for 2028, which also provides for:
  • To build and develop the technology platform for managing payment processing operations between 2025 and 2026;
  • To carry out the changeover of money processing operations from BNP Paribas and BPCE banks to Estreem in 2027 or 2028;
  • Open the platform to other banking institutions from 2028 onwards.

• In the long term, Estreem is expected to be able to process all card payments in Europe from BNP Paribas and the BPCE Group, or 17 billion transactions per year according to both partners.

• Estreem covers the entire technological scope of the monétique: editing, software operation, operations management. Instant services, multi-schemes solutions (Visa, Mastercard, CB, etc.), Wero, are all solutions that will be managed by the platform.

• More than 300 employees will work exclusively for the platform.

ISSUES

• Combining expertise : The two partner groups stress the relevance of their rapprochement in order to pool their expertise and technological solutions in payment processing.

• Monitoring payments : Estreem wears on its behalf a "e" as a reference to the digital sector that profoundly transforms payments, as well as the mention "streem" which concerns flows. A name that therefore symbolizes the project's flagship objectives.

• Imposing a market leader The main objective of this new cooperation is to create a leader in the French payment processing market. The banking groups BNP Paribas and BPCE account for almost a third of payments in France. Estreem's ambition is to become a more widespread processor on the European podium in the medium term.

• Create Reference More than just collaboration, the deployment of this new payment processor is also presented as a guarantee of sovereignty. Estreem will subsequently be open and proposed to other banking institutions to be a true market benchmark, subject to obtaining the required regulatory approvals.

PERSPECTIVE

• The announcement of this alliance between BNP Paribas and BPCE In reality, June 2024. The two partners then formalized their joint work to create a new payment processor.

• In any event, this initiative reflects a strong trend in the rationalization of networks and cooperation work that is currently reshaping the market. The French banking market has recently received two most notable initiatives:
  • Cash Services and the recent announcement of the Trust Services Corporation, 2SFcommon to the groups BNP Paribas, Credit Mutuel Federal Alliance (and its subsidiary CIC) and Société Générale with regard to its deployment;
  • The BPCE project concerning of its strategic transformation and more particularly of the unification of the computer systems of its networks of Banques Populaires and Caisses d'Epargne.

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