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CEO, said: “
This is a very important day for our company. We are very excited to become part of the Worldline Group. This development will strengthen our positioning in the Greek market as the leading player in the evolution of the payments business and give us access to products and services that will enhance our offering and deliver more value to our merchant and bank customers.“
Greece: an attractive payment market
With a cash penetration that remains high and a card transaction rate per capita more than twice below European countries average, the Greek market shows attractive growth opportunities with a growing addressable market driven by the shift from cash to card and electronic payment adoption. These favorable dynamics will continue thanks to strong underlying trends such as a positive macroeconomic environment (GDP growth, drop in unemployment, and regulations encouraging electronic payment), PSD2, open banking development (Banks connection to large ecosystems thro
Worldline, a global leader in the payments industry, today announced the signing of a bidding agreement for the acquisition of 92.5% of the share capital of Cardlink, the leading Network Services Provider in Greece.
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The deployment, which includes Nokia s Gigabit Passive Optical Network (GPON) solution and Access Management System, will be completed by end of Q2 2021 covering nearly 150,000 homepasses. When completed, the end-users will be able to enjoy a high-speed broadband network and applications that require high capacity. The future-ready fiber network will enable Allo to increase its revenue as it will be able to support new use cases like smart cities, smart poles, edge automation, 5G backhaul, and enterprise services.
Nokia s solution will enable Allo to better manage bandwidth in line with the requirement for different services. The fiber network will support the convergence of more services and users on the same infrastructure, allowing Allo to bring down OpEx and enhance revenue.