Worldline has extended its agreement with PSA Payment Services Austria GmbH (PSA), building on the collaboration that has been in place for eight years. 

With the extension, the partnership has outlined its renewed focus of continuing to work to the benefit of Austria’s digital payment system for a further five years.

Worldline will continue to process all transactions made using Austrian debit cards on PSA’s behalf. In 2019, one billion transactions were processed under the previous agreement, which has now been extended for another five years.

Michael Steinbach, Managing Director Financial Services at Worldline, commented: “Worldline is a long-term partner and best in class in the banking industry. We are proud to have been able to accompany PSA on its innovative course and will continue to do so for many years.”

As part of their collaboration, Worldline processes approximately one billion transactions for PSA per year (2019). This includes approx. 770 million payment transactions carried out with the ten million Austrian debit cards directly or indirectly via NFC and mobile-based payment solutions, such as Apple Pay. In addition, Worldline handled approximately 137 million domestic and international ATM cash withdrawals and a further 157 million service transactions.

David Ostah, PSA’s Chief Executive Officer, added: “As the central provider of the payment infrastructure, security, innovation and professionalism are critical for us. Worldline supports our innovative projects with global expertise and a pioneering spirit. Together, we look forward to bringing new payment offerings to the Austrian market.”