242
Fashion Jobs
H&M
Visual Merchandiser Manager- Newmarket
Permanent · AUCKLAND
L'OREAL GROUP
Operations & Transport Manager
Permanent · AUCKLAND
ABBOTT
Tpm Contract Manufacturing Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Optometrist - Opsm Rotorua
Permanent · ROTORUA
DANGERFIELD
Online Coordinator
Permanent · AUCKLAND
PUMA
Key Account Manager nz
Permanent · AUCKLAND
L'OREAL GROUP
Key Account Manager
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Manukau
Permanent · AUCKLAND
ESSILORLUXOTTICA GROUP
Retail Associate | Sunglass Hut Dunedin
Permanent · DUNEDIN
ESSILORLUXOTTICA GROUP
Retail Associate | Opsm Rangiora Eyecare
Permanent · CANTERBURY
PETER ALEXANDER
2 x Casual - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
PETER ALEXANDER
2 x Part Time - Sales Assistant - Peter Alexander nz - MT Maunganui
Permanent · AUCKLAND
LULULEMON
Assistant Manager | Christchurch (Tuesday - Saturday Rotation)
Permanent · CHRISTCHURCH
ICEBREAKER
Icebreaker : Sales Associate, Casual - Wellington Airport Touchlab
Permanent · WELLINGTON
DFS
Personal Shopper
Permanent · AUCKLAND
H&M
Department Manager- Chartwell (Hamilton)
Permanent · HAMILTON
H&M
Store Manager Wellington
Permanent · WELLINGTON
H&M
Sales Advisor- 28h
Permanent · AUCKLAND
H&M
Assistant Store Manager- Sylvia Park
Permanent · AUCKLAND
H&M
Department Manager- Sylvia Park
Permanent · AUCKLAND
LOVISA
Store Manager | nz | Palmerston North
Permanent · PALMERSTON NORTH
LOVISA
Store Manager | nz | Chartwell
Permanent · HAMILTON
By
Reuters
Published
Nov 20, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

France's Casino buys 5 percent stake in fintech firm Lyf Pay

By
Reuters
Published
Nov 20, 2018

Casino said on Monday it had bought a 5 percent stake in fintech company Lyf Pay as part of the French retailer’s bid to gain a foothold in the European mobile payments business.

REUTERS/Stéphane Mahé - REUTERS/Stéphane Mahé


Lyf Pay aims to build a mobile payments system in Europe to rival Apple Pay, which has been developed by U.S. firm Apple, and Alipay, which is offered by China’s Alibaba.

Casino did not say how much it paid for the stake.

“We cannot just offer goods, we have to offer more services to our clients as well,” Casino’s deputy chief executive and chief operating officer, Julien Lagubeau, said.

Less than 1 percent of all payments in France are now made through mobile phones but the market is growing.

Casino, whose shares have lost almost a third of their value since the start of the year, is battling intense competition and has to ease investor concerns about its debt levels.

Lyf Pay, created in 2016 by the merger of Fivory and Wa!, offers customers payment services, loyalty programs, discount vouchers and the ability to transfer money via mobile phone.

The company is controlled by France’s largest listed bank BNP Paribas and unlisted cooperative bank Credit Mutuel Alliance Federale, which each own more than 40 percent.

Other investors in Lyf Pay include Casino’s domestic retail rival Auchan, oil company Total and New York-based payments processor Mastercard.

Lyf Pay initially aims to expand in Italy and Belgium, where BNP Paribas has a significant presence, said Thierry Laborde, who runs the bank’s retail operations in France, Belgium and Italy.

© Thomson Reuters 2024 All rights reserved.