Worldline says payment services disruptions in Italy not yet resolved
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 29 2024
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Should l Buy ?
Source: Reuters
Service Disruption: Worldline, a French digital payments company, experienced service disruptions in Italy due to accidental damage to its network caused by gas roadworks, affecting payment services during the busy Black Friday shopping season.
Response and Investigation: The company is working to restore services while Italian payments group Nexi has launched an investigation into the issue, with the Bank of Italy monitoring the situation as some payment services remain malfunctioning.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
