Wirecard AG (WRCDF.PK), a German provider of electronic payment and risk management applications, Monday said it has signed a letter of intent to enter into exclusive negotiations with Crédit Agricole Payment Services, of French lender Credit Agricole Group (CRARF,CDA.L, ACA).
The negotiations are to conclude a partnership to offer innovative and high-performance electronic payment services to merchant clients of Crédit Agricole Group banks, in France and Europe.
The partnership will offer differentiated service offering based on a high-performance technology in the field of electronic payment acceptance and acquiring.
The goal will be to launch a range of cross-channel acceptance and pan-European acquiring offerings for French merchants and marketplaces in France and abroad.
This partnership, by capitalizing on the strengths of both firms, will enable them to grow in a rapidly changing market, Wirecard said.
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