Oct 25 (Reuters) – French payments company Worldline (WLN.PA) confirmed its full-year outlook on Tuesday as it posted quarterly revenue slightly ahead of expectations driven by volume growth and market share gains in its merchant services business.
The group, which operates digital payment and transactional solutions, posted third-quarter revenue of 1.16 billion euros ($1.14 billion), which was a 10% increase organically and ahead of the 1.14 billion euros forecast on average by analysts polled by the company.
Payments processing firms have seen a surge in business as more people switched to digital transactions during the pandemic, but analysts had anticipated that the squeeze on discretionary and e-commerce spending due to rising costs this year could weigh on the sector’s revenues.
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Worldline, whose clients range from merchants to government agencies, is seeing consumption holding up across all its segments despite the tense