Payment insight April 2024
Player strategy – French Banks strike back
- FRANCE - Crédit Agricole and Worldline launch CAWL, their joint payment company for merchants
- FRANCE - BNP Paribas launches Tap to Pay solution in France
Crédit Agricole and Worldline have launched CAWL, a payment joint venture for merchants, offering all-in-one services with adaptation to the specific needs of each sector. CAWL aims to simplify the lives of merchants by capitalizing on Worldline's expertise and Crédit Agricole's distribution, aiming to become a French leader in payment solutions. The company has yet to obtain licenses for French schemes and expects to go to market in 2025.
For its part, BNP Paribas is launching Tap to Pay in France, a flexible alternative to traditional solutions, accepting a variety of payment methods and opening new prospects for merchants and independent retailers, notably by accepting CB, which is crucial for the French market.
Mobility – Payment a key development area for the automotive industry
- EUROPE - Zaver offers BNPL to finance car purchases
- EUROPE - Card payment now mandatory at electric vehicle charging stations
- INDIA - Sheeva-AI improves on-board payment for Citroën in India
Zaver, a Swedish start-up specializing in BNPL, recently raised $10 million to finance purchases of durable goods, including cars, rivaling players such as Klarna and Paypal. They offer financing up to 200,000 euros, in partnership with renowned car brands, thanks to precise risk analysis.
In April, card payment became compulsory at charging stations for electric vehicles over 50 kW, as part of the AFIR initiative aimed at facilitating access to charging stations and regulating the European recharging market.
In India, Sheeva.AI launches an on-board payment solution for Citroën, using geolocation technologies to make transactions smooth and secure, with diversified partnerships for an optimal customer experience.