Crédit Agricole and Equens negotiate partnership in card and payment processing
25-11-2009
This morning, Crédit Agricole S.A. and Equens announced that they have signed an exclusive agreement to explore the possibility of aligning their payment platforms to become a major player in Europe.
With a combined volume of over 15 billion transactions, Equens and CEDICAM, the payment processing and systems subsidiary of Crédit Agricole S.A. and the ‘Caisses Régionales’, would be the leader in the European market.
Michael Steinbach, “The intended cooperation with CEDICAM is a major next step forward in our strategy to become the premier pan-European processor. It will enable us to further increase our scale, geographical presence and product offering for the benefit of our current and future clients and shareholders, like ABN AMRO, DZ BANK, ICBPI, ING and Rabobank.”