Handelsbanken to sell card acquiring business to Worldline
Stockholm, July 27, 2021 Handelsbanken has entered into an agreement to sell its card acquiring business to Worldline. In 2020, the business had net commission income of approximately SEK 190 million and external costs of approximately SEK 20 million. In conjunction with the sales agreement, Handelsbanken has also entered into a distribution agreement with Worldline. The compensation to the Bank for the sale is approximately SEK 2,000 million. The transfer of the card acquiring business is a consequence of Handelsbanken’s review of its payment business, initiated in autumn 2020.