Societe Generale Announces The Proposed Acquisition Of PayXpert

As a recognised and long-standing player in all aspects of merchant services and card payments’ processing in France, Societe Generale provides both online and in-store payment solutions.

The accelerated pace of change in consumer behaviours (Buy Now Pay Later – BNPL, integrated insurance services…), new technologies, and the emergence of specialised fintechs are reshaping the payments market. Societe Generale constantly adapts its offering and innovates to address new customer journeys. As an example, the Bank has completed its offering with solutions for marketplaces, as well as payment initiation services for both e-commerce and physical points of sale.

To facilitate these new consumer behaviours and continue to offer clients a seamless and integrated payment experience, Societe Generale announces its plan to acquire a majority stake in PayXpert.