Market Share of France Payments Industry
The France Payments market is semi-consolidated, and start-ups are trying to disrupt the Payments industry using attractive promotions and building user-friendly payment gateways. However, the market is dominated by global players such as Apple Pay, Samsung Pay, Google Pay, Carrefour Pay, PayLib, and more. These businesses' primary growth tactics to survive the fierce competition include product releases, substantial investment in research and development, collaborations, and acquisitions.
In November 2023, FrenchSys, a division of CB-Investissements (CBI), and JCB International announced a partnership to streamline the JCB certification process for payment terminals throughout France. With an integrated certification procedure managed by FrenchSys, this partnership assists banks, terminal manufacturers, and merchant partners in accepting JCB Cards. By enabling merchant partners to allow JCB's over 154 million card members to use their cards in-store, the partnership accelerates the implementation of payment terminals and gives them a competitive advantage.
In April 2023, Worldline and Credit Agricole, a French lender, partnered to establish a joint payments operation. According to the payments company, France is an attractive and strategic Worldline market. According to the release, the alliance combines Crédit Agricole's robust distribution networks through its bank system with Worldline's in-store and online capabilities for retailers. According to the statement, the planned joint venture will leverage Worldline's global acceptance and acquiring platform to deliver a full-service offering to the major accounts in France, including the local Cartes Bancaires scheme.
France Payment Market Leaders
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Apple Pay
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PayLib
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Samsung Pay
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Carrefour Pay
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Google Pay
*Disclaimer: Major Players sorted in no particular order
