Casino Acquires Stake in Lyf Pay
November 19 2018 - 12:51PM
Dow Jones News
By Patrick Costello
Casino Guichard-Perrachon S.A. (CO.FR) said Monday that it
acquired an initial stake in Lyf Pay as part of its wider
partnership with the mobile payment-solution provider.
The French retailer said it purchased a 5% stake in Lyf's share
capital following the development of various mobile payment
services with Lyf Pay, including the Casino Max mobile app for use
in Geant and Casino supermarkets in France.
The Lyf Pay mobile payments solution will continue to be rolled
out across the Casino group's other supermarket chains in France
over the next few months, including Le Petit Casino, Leader Price,
Franprix, Monoprix and Naturalia, Casino said.
Write to Patrick Costello at Patrick.Costello@dowjones.com.
(END) Dow Jones Newswires
November 19, 2018 12:36 ET (17:36 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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