Headlines

Payment - The wave of concentration continues

• FRANCE – Société Générale acquires PayXpert
• GERMANY – Deutsche Bank consolidates its payments business with Fiserv
• EUROPE – Worldline offers a payment solution dedicated to marketplaces
• FRANCE – Crédit Agricole adds another dimension to its BaaS subsidiary

While last month the BPCE group sealed the merger of its payment subsidiaries Payplug and Dalenys, Société Générale is taking advantage of the economic situation to acquire British player Payxpert and its rival BNP Paribas is doing the same with fintech Kantox. Crédit Agricole explains that it wants to strengthen its position in payment services for SMEs by launching a new pro account offer in its Crédit Agricole and LCL networks, which will be operated by Okali, the new entity created from SFPMEI, which should serve the group's ambitions in the field of Banking-as-a-Service. Other European players are following the same trend: on the German side, Deutsche Bank, which is making a strategic shift and relaunching its activities in the field of payments, is announcing a partnership with Fiserv and the fintech Credi2, and Worldline, which has just finalised the sale of Ingenico's activities, is announcing the purchase of Online Payment Platforme, a Dutch company providing online payment services and offering a payment solution dedicated to marketplaces and platforms. The aim of these major moves is to strengthen the position of traditional players in the payments market so as not to leave the field open to rising fintechs such as Stripe and Adyen, but also to counter the growing threat of American and Chinese technology players.

Mobility - A strategic shift for the banking industry

• FRANCE - BNP Paribas puts mobility at the heart of its development projects
• FRANCE - Sofinco steps up its commitment to green mobility
• FRANCE - Crédit Agricole Consumer Finance invests in the future of mobility with Hopium

Whether it is to prepare the transformation of their model, the famous "Beyond Banking" or to serve the wider evolution of our societies about the ecological emergency, the French banks seem to be converging towards mobility, which is at the heart of their strategic projects. Indeed, the banking players have multiplied the announcements of partnerships, on the occasion of the Motor Show, such as Société Générale with Rezoocar, Crédit Agricole, which through its subsidiary Sofinco Auto signed an agreement to create the captive Aixam Finance; but also, more ambitious projects such as the YouRmobile platform of Sofinco or the "all-in-one" digital platform dedicated to mobility of BNP Paribas, announced on the occasion of the Mobility Days of the group. After real estate, the banks have set their sights on this sector of activity, which involves many players. The banks intend to rely on their proximity to customers and partners to build a complete range of solutions that meet the needs of all the players in the ecosystem: from the manufacturer to the end user.