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Share Name Share Symbol Market Type
Australia And New Zealand Banking Group Limited ASX:ANZ Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 26.82 26.77 26.78 0.00 00:00:00

ANZ Enters JV with European Payments Company Worldline

14/12/2020 10:21pm

Dow Jones News


Australia And New Zealan... (ASX:ANZ)
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   By Alice Uribe 
 

SYDNEY--Australia and New Zealand Banking Group Ltd. has formed a joint venture with European payments company Worldline to provide payments technology and merchant services in Australia.

The Australian bank said Tuesday the tieup involves the formation of a newly created merchant acquiring group, with ANZ and Worldline holding a 49% and 51% interests, respectively.

"We have a proven track record of partnering with global leaders in specialist fields if it means providing a better service to our customers," said Mark Hand, ANZ Executive Australia Retail and Commercial.

ANZ estimated that completion of the transaction will increase its Level 2 CET1 capital ratio by 5 basis points. The transaction is expected to complete in late 2021 and is subject to approvals and card scheme arrangements.

 

Write to Alice Uribe at alice.uribe@wsj.com

 

(END) Dow Jones Newswires

December 14, 2020 17:06 ET (22:06 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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