Casino: strengthens partnership with Lyf Pay
(CercleFinance.com) - On Monday evening Casino group announced that it has strengtheneof its partnership with Lyf Pay, a mobile and multi-channel payment solution.
The group will also take an initial 5% stake in Lyf's capital.
"The investment follows a period of close collaboration, initiated in 2017, during which the Casino Group and Lyf Pay developed innovative mobile payment-related solutions (combined payment and loyalty services, deferred payment, payment in installments for food shopping, and the Scan Express solution...) for use in Géant hypermarkets and Casino supermarkets across France, particularly via the Casino Max mobile app," Casino said.
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The group will also take an initial 5% stake in Lyf's capital.
"The investment follows a period of close collaboration, initiated in 2017, during which the Casino Group and Lyf Pay developed innovative mobile payment-related solutions (combined payment and loyalty services, deferred payment, payment in installments for food shopping, and the Scan Express solution...) for use in Géant hypermarkets and Casino supermarkets across France, particularly via the Casino Max mobile app," Casino said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.