Banque Casino passed the 3 million customer mark at the end of 2019, consolidating its position as France's leading provider of online payment facilities. The company has become the benchmark partner for e-tailers, and today holds a 25% market share in France with over 100 partners in a variety of sectors.
Strong growth for Banque Casino
The figures for 2019 speak for themselves: the Banque Casino company achieved more than two billion euros in new business, representing growth of 18%, and its net banking income amounted to 171 million euros, representing growth of 23% for the second year running. Recurring income rose by 68% to 21.6 million euros.
In 2020, the company intends to keep up the momentum and is targeting 20% growth in France, as well as internationally. Catherine Vidal, Chief Executive Officer of Banque Casino, is delighted with this development: " These results, which are unique in our sector, demonstrate Banque Casino's ability to deliver strong, healthy and, above all, sustainable growth. "
French leader in fractional payments
Banque Casino provides payment facilities in a wide range of sectors, from travel to automotive equipment. The company has become the benchmark partner for e-tailers, and today works with around a hundred of them, including Maeva, 1001 Pneus, Cdiscount, Misterfly and Selectour.
In 2017, the company launched the online mini-loan ("Coup de pouce"), followed by the Lydia instant mini-loan in 2018. In 2020, it will offer e-retailers payment solutions in 10 instalments with a guaranteed response to both consumer and merchant in less than two minutes.
Banque Casino currently offers three products: fractional payments, which now account for 60% of its revenues, consumer credit and bank cards combined with cashback offers.
It plans to extend the fractional payment offer to Belgium and Spain.
Partnerships with fintech
Following its partnership with Lydia in 2018, Banque Casino is now offering its "Coup de Pouce" mini-loan to account aggregator Bankin. What's more, the company is already collaborating with several players in French Tech 120.
Marc Lanvin, Deputy CEO of Banque Casino, hopes that by 2020 the company will be able to " support the consumption of all French people by offering them ever more innovative financing and payment solutions, designed for our e-merchant and Fintech partners."
Banque Casino intends to stay in the race and take advantage of the new forms of collaboration that are developing between French fintech and the traditional banking sector.