Financial institutions Fiserv and Worldline experience robust expansion in the first quarter of 2022
Worldline, a leading European player in the payments and transactional services sector, has announced its Q1 2022 financial results, showcasing a robust performance and growth across various segments.
The company's primary driver of revenue growth in Q1 2022 was its merchant services, with a significant 15.8% year-on-year increase to €627 million ($661 million). This growth was further bolstered by a 12.1% increase in transaction volumes. Mobility and e-transactional services also contributed to the growth, with an 8.4% year-over-year increase.
Worldline's adjusted revenue for Q1 2022 was €2.92 billion, representing a 7.8% year-over-year increase. The Fintech and Payment segments of Worldline also saw growth, with a 5.7% and 3.6% increase respectively.
One of the key factors contributing to Worldline's success was its strong performance in Europe, Middle East, and Africa (EMEA) and North America, where it experienced a 10.6% growth in global merchant volume. This growth was aided by a strategic partnership with Caixa in Brazil, which resulted in the onboarding of 140,000 merchants.
In Q1 2022, Worldline entered into payment orchestrator partnerships with Microsoft, Alipay, and Oracle. These partnerships provided an open banking solution for them based on Worldline's APIs.
Both Fiserv and Worldline's Q1 2022 earnings demonstrate solid organic growth, largely due to their merchant services and the continued strength of ecommerce. The Q1 2022 results show a continued strength of ecommerce in a post-pandemic landscape, similar to Fiserv's findings.
Despite challenging macroeconomic factors, Worldline remains optimistic about its 2022 outlook. However, the company expects organic revenue growth of 8-10% for 2022, taking into account temporary Covid-19 restrictions, limited recovery of international travel, component shortages for POS systems, and sanctions on online merchant services in Russia.
Worldline has decided to maintain its FY revenue projections unchanged, despite a strong first quarter, due to ongoing inflation and geopolitical concerns. The executives responsible for the Q1 2022 financial results publication were Jeff Yabuki, CEO of Fiserv, and Gilles Grapinet, CEO of Worldline.
It's important to note that this article does not contain any advertisements or factual bullet points about Joe Baker and LinkedIn or Worldline's current hiring status, as these are not related to the financial results discussed.
In conclusion, Worldline's Q1 2022 results demonstrate the company's resilience and growth, especially in the face of challenging macroeconomic conditions. The continued strength of ecommerce and strategic partnerships are key factors contributing to this success. Worldline remains optimistic about its 2022 outlook, despite ongoing challenges.
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