PARIS: Worldline, a European payment services provider, said Thursday it has finalized the sale of its New Zealand payment activities to Cuscal Ltd. for an enterprise value of approximately €17 million.
The New Zealand business processes about 70% of all in-store transactions in the country and serves all four major acquirers and roughly 40 issuers, Worldline said. The unit has operated independently from Worldline’s core European operations.
Under the agreement, Worldline will continue providing technology and software services to Cuscal during a transitional period to ensure business continuity, a statement said.
The divestment is part of Worldline’s strategy to sharpen its focus on payment activities in Europe, streamline operations and optimize resource allocation, the company said.
The divested perimeter represents estimated annual revenue of about €35 million and adjusted EBITDA of approximately €12 million, with a limited impact on free cash flow, according to Worldline.
Combined net cash proceeds from all announced disposals, including MeTS, Worldline North America, Cetrel, PaymentIQ, Worldline Merchant Services India, Worldline New Zealand and Worldline Australia, are estimated at €590 million to €640 million and are expected to be received in 2026, the company said. The funds will strengthen the group’s financial profile, enhance strategic flexibility and support redeployment of capital toward core activities.
Worldline previously closed transactions for its North America, Cetrel and PaymentIQ businesses.
Worldline, which reported €4 billion in revenue for 2025, serves more than 1.2 million customers. The company is listed on Euronext Paris under the symbol WLN. Cuscal Ltd. trades on the Australian Securities Exchange as CCL.
