Payment. Will Floa Bank be taken over by BNP Paribas?

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15 April 2021 à 19h06

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1 minute

Publication: 15 April 2021 à 19h06

Reading time: 1 minute

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Publication

15 April 2021 à 19h06

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1 minute

Publication: 15 April 2021 à 19h06

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According to Les Echos, BNP Paribas is in a good position to buy Floa Bank (ex-Casino Bank) and integrate expertise for fractional payments, a major trend in e-commerce. Floa is also a specialist of instant and mini consumer loans developed through partnerships with Lydia and Bankin’. Floa Bank is a preferred partner of retailers, offering a four-instalment payment solution, with 3 million customers at the end of 2020. On 29th March 2021, BNP Paribas submitted a final offer to acquire at least 50% of Floa Bank’s capital, following the withdrawal of Crédit Mutuel Alliance Fédérale. Previous owner Casino Group wants to remain as a shareholder.

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