PAYONE ENTERS INTO STRATEGIC BUY NOW, PAY LATER PARTNERSHIP WITH PAYLA AND VVRB

Frankfurt am Main / Munich / Simmern, 27.04.2023

PAYONE, a joint venture between Worldline, a leading global provider of payment transaction services, and the DSV Group, the competence center for payments of the Sparkassen-Finanzgruppe, has entered into a strategic partnership with Payla GmbH, a leading white-label provider of "Pay Later" products for payment service providers and financial institutions, and Vereinigte Volksbank Raiffeisenbank eG (VVRB), a partner of many FinTechs in receivables financing: In future, this will give PAYONE merchant customers access to new products in the "Buy Now, Pay Later" area, which will be offered and distributed in cooperation with VVRB and Payla.

Three new payment methods are now available to all PAYONE merchant customers in Germany and Austria in e-commerce: Secured Direct Debit, Secured Invoice Purchase and Secured Installment Payment. These payment methods can be connected via the existing PAYONE store modules or directly via the PAYONE interfaces. Integration of the new payment instruments for the point of sale - similar to the launch for online stores - is expected to be rolled out in the course of the year.

As part of this cooperation, PAYONE can offer merchants the complete Buy Now, Pay Later portfolio "white label" from a single source with the corresponding acceptance contract. Payla provides a specially designed platform for this, which, among other things, carries out the risk assessment in real time. VVRB handles the necessary refinancing of the receivables.

Björn Hoffmeyer, Chief Commercial Officer PAYONE, draws a positive balance: "The last few months of cooperation with VVRB and Payla have confirmed that with the new portfolio in the area of secured invoice purchase, secured installment purchase and direct debit, we have opted for equal partners in terms of know-how and solution provision. These payment methods, which are currently very popular with end consumers and merchants alike and are easy and smooth to implement, have already been very well received by our customers."

Roberto Valerio, Managing Director of Payla: "We are delighted to be working with VVRB to provide PAYONE customers with innovative products in the area of invoice and installment purchases. These fit perfectly with PAYONE's strategy of offering its merchants all payment methods from a single source. The cooperation between all parties in setting up this product range was characterized by great professionalism and trust."

Ralf Magerkurth, CEO of VVRB, adds: "VVRB has been active in the area of consumer receivables financing for some time. With the market leader PAYONE as a cooperation partner, we are writing a new chapter in Germany and Austria in terms of the use of innovative BNPL products. We see great potential in this strategic and sustainable partnership."

About PAYONE

PAYONE is a leading payment provider in Germany and Austria. In stationary retail, mobile or online - PAYONE helps retailers and service providers with the challenges of cashless payment. As a full-service payment service provider, PAYONE ensures digital payment processes that work quickly, easily and reliably. PAYONE develops individual solutions for all industries and company sizes in accordance with the highest security standards.

PAYONE's pioneering omnichannel concepts help retailers to offer their customers cross-channel shopping experiences. PAYONE pursues the goal of enabling integrated payment across all touchpoints. PAYONE processes 5.4 billion transactions per year for 277,000 customers. With around 1,400 employees at four locations, the company also offers numerous value-added services that go far beyond the traditional payment business. PAYONE is a joint venture between Worldline and the DSV Group. PAYONE works throughout Europe for well-known global brands as well as for small and medium-sized companies. These include Deutsche Bahn, Rossmann, PUMA, home24 and Sansibar. www.payone.com

About Payla

Payla Services GmbH (Payla) is a provider of innovative payment solutions that enable European payment service providers and financial institutions to offer their customers direct debit, purchase on account and installment payments as secure payment methods. The "Buy Now, Pay Later" payment methods are offered exclusively in the "white label". Payla GmbH, based in Munich, was founded in September 2021 and employs 50 people. www.payla.de

About VVRB

Vereinigte Volksbank Raiffeisenbank eG (VVRB) is a large cooperative bank in southern Hesse. For some years now, VVRB, which is often referred to as the fintech Volksbank, has been breaking new ground by entering into strategic partnerships in the fintech environment. In addition to the partial purchase of real estate, the consumer receivables financing business with a focus on e-commerce has been one of VVRB's major "hobbyhorses" for several years. VVRB is continuously expanding its service portfolio and recently started offering fully digital rental guarantees. www.vvrb.de

About Worldline

Worldline [Euronext: WLN] is a global market leader in payments and the technology partner of choice for merchants, banks and acquirers. With over 18,000 employees in more than 40 countries, Worldline provides sustainable, trusted and secure solutions to help its customers around the world grow. The services offered by Worldline include national and international commercial acquiring for both bricks-and-mortar and online business, the highly secure processing of payment transactions and a wide range of digital services. In 2021, Worldline generated pro forma sales of just under 4 billion euros. worldline.com

Press contact Payla:

Roberto Valerio
Kaiserplatz 2 | 80803 Munich
Phone: +49 89 215549 600
contact@payla.de

Press contact VVRB:

Kirsten Gruber
Frankfurter Straße 1 | 64720 Michelstadt
Phone: +49 6162 807 4470
service@vvrb.de