State Street to acquire Mizuho's global custody business outside Japan in strategic expansion

Custody1684 words8 min readabout 3 hours ago

State Street Corporation has announced it will acquire Mizuho Financial Group's global custody and related businesses outside Japan, enhancing its footprint in key markets and supporting cross-border investments.

State Street Corporation and Mizuho Financial Group, Inc. have announced an agreement for State Street to acquire Mizuho’s global custody and related businesses outside Japan. The transaction, initially announced earlier this year, is expected to be completed by Q4 2025, pending regulatory approvals and other closing conditions. These businesses support the overseas investments of Mizuho’s Japanese clients and operate through local subsidiaries, including Mizuho Trust & Banking (Luxembourg) S.A. and Mizuho Bank (USA). Collectively, these entities oversee approximately $580 billion in assets under custody and $24 billion in assets under administration.

The planned transfer aims to leverage State Street’s extensive global scale and servicing capabilities to benefit Mizuho’s clients. Joerg Ambrosius, President of Investment Services at State Street, highlighted the close collaboration during the transition process to ensure a seamless experience for clients and emphasized that the deal underlines State Street’s ongoing commitment to both Japan and Luxembourg, supporting its growth ambitions in these key markets.

From Mizuho’s perspective, this partnership will enable its clients to continue benefiting from State Street’s robust global infrastructure, while Mizuho retains responsibility for trust and custody services for domestic assets within Japan. Tsutomu Yamamoto, senior managing executive officer at Mizuho, expressed confidence that the combined capabilities will support Japanese clients’ offshore investment activities effectively.

State Street has maintained a presence in Japan for over 35 years, employing more than 500 personnel across Tokyo and Fukuoka, providing services such as trust, global custody, middle/back-office outsourcing, data management, trading, and financing solutions. The firm has also operated in Luxembourg for 35 years, offering fund administration, custody, and transfer agency services. This longstanding experience positions State Street well to integrate the acquired operations.

This deal reflects a broader industry trend where custodians seek to expand scale and service offerings through such strategic acquisitions, underpinning the importance of regional expertise and global infrastructure in supporting cross-border investments.

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Source: Noah Wire Services

Verification / Sources

https://www.leaprate.com/forex/institutional/state-street-completes-transfer-of-mizuhos-global-custody-business/ - Please view link - unable to able to access data
https://www.leaprate.com/forex/institutional/state-street-completes-transfer-of-mizuhos-global-custody-business/ - State Street Corporation has finalised the transfer of Mizuho Financial Group’s global custody and related businesses outside Japan, enhancing its presence in key international markets. The transaction, initially announced in February, encompasses Mizuho’s offshore securities services, including global custody, cross-border fund servicing in the Cayman Islands, the Bahamas, and Luxembourg, a European securities agency business, and U.S.-based sub-custodian and securities lending services. These operations, previously managed through Mizuho Trust & Banking (Luxembourg) S.A. and Mizuho Bank (USA), collectively represent approximately $580 billion in assets under custody and $24 billion in assets under administration. Joerg Ambrosius, President of Investment Services at State Street, highlighted the close collaboration with Mizuho to ensure a seamless transition for clients. He emphasised that the move reinforces State Street’s commitment to Japan and Luxembourg, supporting its growth ambitions in these significant markets. Tsutomu Yamamoto, Senior Managing Executive Officer at Mizuho, expressed confidence that State Street’s global scale and capabilities will continue to support clients’ offshore investments. Mizuho, one of Japan’s largest financial institutions, will continue to provide trust and custody services for domestic assets while collaborating with State Street on global services. State Street has operated in Japan for over 35 years, employing more than 500 people, and has a similarly long-standing presence in Luxembourg.
https://investors.statestreet.com/investor-news-events/press-releases/news-details/2025/State-Street-to-Acquire-Mizuho-Financial-Groups-Global-Custody-Business/default.aspx - State Street Corporation and Mizuho Financial Group, Inc. have entered into an agreement for State Street to acquire Mizuho’s global custody and related businesses outside of Japan. These businesses support the overseas investments of Mizuho’s Japanese clients. Mizuho currently operates its global custody and related business outside of Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust & Banking Co., Ltd., and Mizuho Bank (USA), a wholly-owned subsidiary of Mizuho Bank, Ltd. Both of these entities represent combined assets under custody of approximately US$580 billion and US$24 billion in assets under administration. After this transaction, Mizuho will leverage its expertise and network as one of Japan’s largest financial institutions to continue providing Japanese clients with trust and custody services for their domestic assets and will collaborate with State Street for global custody and related services. The transaction is expected to be completed by Q4 2025, subject to the regulatory approvals and other closing conditions. State Street has been operating in Japan for more than 35 years, with an experienced team of over 500 employees across Tokyo and Fukuoka, providing Japanese institutional investors with a comprehensive suite of services including trust, global custody, middle/back office outsourcing, data management, trading, and financing solutions. State Street has also been present in Luxembourg for 35 years, providing services including fund administration, custody, and transfer agency. Mizuho Financial Group, Inc. is one of the largest, full-service financial institutions in the world, with approximately 65,000 employees, 150 years of banking experience, and total assets of approximately US$2 trillion, according to S&P Global 2024. Mizuho offers comprehensive financial services to clients in 36 countries and 850 offices throughout the Americas, EMEA, and Asia.
https://www.theasset.com/article/53538/state-street-to-acquire-mizuho-financial-s-global-custody-business - State Street Corporation and Mizuho Financial Group have entered into an agreement for State Street to acquire Mizuho’s global custody and related businesses outside of Japan. Mizuho currently operates its global custody and related business outside of Japan through its local subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust & Banking Co., Ltd., and Mizuho Bank (USA), a wholly-owned subsidiary of Mizuho Bank, Ltd. Both of these entities represent combined assets under custody of approximately US$580 billion and US$24 billion in assets under administration. After this transaction, Mizuho will leverage its expertise and network as one of Japan’s largest financial institutions to continue providing Japanese clients with trust and custody services for their domestic assets and will collaborate with State Street for global custody and related services. The transaction is expected to be completed by Q4 2025, subject to the regulatory approvals and other closing conditions. State Street has been operating in Japan for more than 35 years, with an experienced team of over 500 employees across Tokyo and Fukuoka, providing Japanese institutional investors with a comprehensive suite of services including trust, global custody, middle/back office outsourcing, data management, trading, and financing solutions. State Street has also been present in Luxembourg for 35 years, providing services including fund administration, custody, and transfer agency.
https://www.nasdaq.com/articles/state-street-buy-global-custody-business-mizuho-financial - State Street Corp. has agreed to acquire global custody and related businesses outside of Japan from Mizuho Financial Group, Inc. These businesses aid the international investments of Mizuho’s Japanese clients. The financial terms of the deal have not been disclosed. The deal is anticipated to be completed by the fourth quarter of 2025, subject to requisite regulatory and other customary closing approvals. Mizuho Financial conducts its global custody and related operations outside Japan via its local subsidiaries, Mizuho Trust & Banking (Luxembourg) S.A., which is owned by Mizuho Trust & Banking Co., Ltd., and Mizuho Bank (USA), a wholly owned subsidiary of Mizuho Bank, Ltd. Following the completion of the deal, State Street will partner with Mizuho Financial to support its Japanese clients with global custody and related services.
https://www.nasdaq.com/articles/state-street-acquire-mizuho-financials-global-custody-business-outside-japan - State Street Corp. has agreed to acquire Mizuho Financial Group, Inc.'s global custody and related businesses outside Japan. The financial terms of the deal were not disclosed. The transaction is expected to be completed by the fourth quarter of 2025, subject to the regulatory approvals and other closing conditions. Mizuho will also partner with State Street for global custody and related services. Mizuho manages its global custody business outside Japan through two subsidiaries Mizuho Trust & Banking (Luxembourg) S.A., owned by Mizuho Trust & Banking Co., Ltd., and Mizuho Bank (USA), a subsidiary of Mizuho Bank, Ltd. Together, the group oversees about $580 billion in assets under custody and $24 billion in assets under administration.
https://www.fundssociety.com/en/news/business/state-street-acquires-mizuho-financial-groups-global-custody-business/ - State Street Corporation and Mizuho Financial Group have announced an agreement under which State Street will acquire Mizuho’s global custody business and related activities outside Japan. According to the companies, these businesses support the overseas investments of Mizuho’s Japanese clients. Currently, Mizuho operates its global custody business and related services outside Japan through its local subsidiaries: Mizuho Trust & Banking (Luxembourg)—owned by Mizuho Trust & Banking—and Mizuho Bank (USA), a wholly owned subsidiary of Mizuho Bank, Ltd. Both entities manage approximately $580 billion in assets under custody and $24 billion in assets under management. According to the companies, following this transaction, Mizuho will leverage its expertise and network as one of Japan’s leading financial institutions to continue providing its Japanese clients with reliable custody services for their domestic assets while collaborating with State Street on global custody and related services. The transaction is expected to be completed in the fourth quarter of 2025, as it remains subject to regulatory approvals and other closing conditions.

Noah Fact Check Pro

The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation.

Freshness check

Score: 10

Notes: The narrative is current, with the transfer completed on October 3, 2025.

Quotes check

Score: 10

Notes: Direct quotes from Joerg Ambrosius and Tsutomu Yamamoto are consistent with previous reports from February 28, 2025. (investors.statestreet.com)

Source reliability

Score: 8

Notes: The narrative originates from LeapRate, a financial news outlet. While it provides timely information, its reputation is less established compared to major financial news organisations.

Plausability check

Score: 9

Notes: The narrative aligns with previous reports and the completion of the transaction.

Overall assessment

Veredict (FAIL, OPEN, PASS): PASS

Confidence (LOW, MEDIUM, HIGH): HIGH

Summary: The narrative is current and consistent with previous reports. The source is reliable, and the information is plausible.

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Keywords

AcquisitionGlobal CustodyCross-Border InvestmentsStrategic ExpansionFinancial Services

Main Themes

Acquisition
Global Custody
Cross-Border Investments
Strategic Expansion
Financial Services

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Joerg Ambrosius,Tsutomu Yamamoto

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The varied analyst perspectives offer valuable insights into expected performance trajectories and risk assessments, informing strategic decision-making for investors and policymakers alike. 📌 Reference Map: - Paragraph 1 – [1], [2] - Paragraph 2 – [1] - Paragraph 3 – [1], [3], [4] - Paragraph 4 – [1] - Paragraph 5 – [1], [6] - Paragraph 6 – [4], [7] Source: Noah Wire ServicesVerification / Sources https://www.gurufocus.com/news/3130057/bmo-capital-initiates-coverage-on-bk-with-outperform-rating-bk-stock-news - Please view link - unable to able to access data https://www.gurufocus.com/news/3130057/bmo-capital-initiates-coverage-on-bk-with-outperform-rating-bk-stock-news - BMO Capital has initiated coverage on Bank of New York Mellon (BK) with an 'Outperform' rating and set a price target of $125.00 USD. This reflects confidence in BK's growth potential. 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BMO Capital Markets initiates outperform rating on Bank of New York Mellon amid sector optimism

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BMO Capital Markets has started coverage on Bank of New York Mellon with an 'outperform' rating and a 17.6% upside target, amid sector-wide positive revisions and strong earnings performance, signalling growing institutional confidence in the bank's prospects.BMO Capital Markets has initiated coverage on Bank of New York Mellon (NYSE: BK) with an "outperform" rating and a price target of $125.00, suggesting a potential upside of approximately 17.6% from the stock's recent close. This development follows a series of positive analyst revisions across the sector. Citigroup recently raised its target to $105 with a neutral stance, while Keefe, Bruyette & Woods rated the stock outperform with a $113 target. Morgan Stanley raised its price target to $116 and gave the stock an overweight rating. The consensus among analysts points to a moderate buy stance, with an average price target close to $103.50. 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Institutional ownership remains high, with over 85% of the stock held by large investors such as Canada Post Corp Registered Pension Plan and Sumitomo Mitsui DS Asset Management, both expanding their stakes recently. Insider activity included Executive Vice President J. Kevin McCarthy’s sale of 20,000 shares in July at an average price of $98.45, a significant reduction in his holdings by about 36%. This transaction was disclosed in an SEC filing. Company insiders own a small fraction, approximately 0.14%, of the company's stock. Analyst consensus ratings display some divergence. While BMO and Keefe, Bruyette & Woods favour an "outperform" rating, others like Citigroup adopt a more cautious neutral stance. According to wider market data, roughly nine analysts recommend buying the shares, while six advise holding, with no strong sell opinions evident. Several price targets cluster around $100 to $116, highlighting some variance in near-term outlooks. 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For financial market infrastructure professionals, the bank’s robust business lines in custody and asset servicing remain central to its growth and operational stability. 📌 Reference Map: - Paragraph 1 — [1][2][5][4] - Paragraph 2 — [1][2][4] - Paragraph 3 — [1][2][7] - Paragraph 4 — [1][2] - Paragraph 5 — [1][2][4][3] - Paragraph 6 — [1] - Paragraph 7 — [6][1] - Paragraph 8 — [1][2][5][4] Source: Noah Wire ServicesVerification / Sources https://www.marketbeat.com/instant-alerts/bank-of-new-york-mellon-nysebk-coverage-initiated-by-analysts-at-bmo-capital-markets-2025-10-03/ - Please view link - unable to able to access data https://www.marketbeat.com/instant-alerts/bank-of-new-york-mellon-nysebk-coverage-initiated-by-analysts-at-bmo-capital-markets-2025-10-03/ - On October 3, 2025, BMO Capital Markets initiated coverage on Bank of New York Mellon (NYSE: BK) with an 'outperform' rating and a price target of $125.00, suggesting a potential upside of 17.57% from the stock's previous close. This follows recent analyst activities, including Citigroup's 'neutral' rating with a raised price target of $105.00 on September 5, 2025, and Keefe, Bruyette & Woods' 'outperform' rating with a price target of $113.00 on July 16, 2025. The consensus among nine equities research analysts is a 'Buy' rating, with an average target price of $103.46. The stock opened at $106.32 on October 3, 2025, with a 50-day moving average of $104.49 and a 200-day moving average of $92.76. The company reported earnings per share of $1.94 for the quarter ending July 15, 2025, surpassing analysts' expectations of $1.73. Revenue for the quarter was $4.77 billion, compared to analysts' expectations of $4.80 billion. The company's quarterly revenue increased by 9.4% compared to the same quarter last year. Insider trading activity includes EVP J. Kevin McCarthy selling 20,000 shares on July 22, 2025, at an average price of $98.45. 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Recent ratings include Evercore ISI Group maintaining a 'Hold' rating with a price target of $110 on September 30, 2025, and Morgan Stanley maintaining a 'Buy' rating with a price target of $116 on September 29, 2025. https://www.gurufocus.com/news/3124263/bank-of-new-york-mellon-bk-receives-analyst-rating-update-from-morgan-stanley-bk-stock-news?mobile=true - On September 29, 2025, Morgan Stanley maintained an 'Overweight' rating for Bank of New York Mellon (NYSE: BK) and raised the price target from $101.00 to $116.00, marking a 14.85% increase. This follows Citigroup's 'Neutral' rating with a raised price target from $92.00 to $105.00 on September 5, 2025, and Truist Securities' 'Hold' rating with a price target raised from $100.00 to $109.00 on August 14, 2025. https://capitalmarkets.bmo.com/en - BMO Capital Markets is the investment and corporate banking division of Bank of Montreal (BMO), offering a comprehensive range of services including foreign exchange, trade finance, corporate lending, and advisory services. With over 2,700 professionals and more than 30 locations worldwide, BMO Capital Markets provides industry-specific expertise and a global network to support clients' financial needs. https://www.nasdaq.com/articles/bank-new-york-mellon-stock-analyst-estimates-ratings - Bank of New York Mellon (NYSE: BK) reported strong Q1 results on April 11, 2025, with a 3% year-over-year increase in fee revenues to $3.4 billion and an 11.4% surge in net interest income to $1.2 billion. 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Quotes check Score: 10 Notes: No direct quotes were identified in the narrative. The absence of quotes suggests potential originality or exclusivity. Source reliability Score: 8 Notes: The narrative originates from MarketBeat, a financial news aggregator. While MarketBeat compiles information from various sources, it does not produce original reporting. The reliance on a press release from BMO Capital Markets adds credibility, but the lack of independent verification lowers the reliability score. Plausability check Score: 9 Notes: The claims regarding BMO Capital Markets initiating coverage on Bank of New York Mellon with an 'outperform' rating and a price target of $125.00 are plausible and align with standard financial reporting practices. The absence of supporting details from other reputable outlets is noted, but the press release serves as a primary source. No inconsistencies in language or tone were observed. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: The narrative is fresh, original, and based on a credible press release from BMO Capital Markets. The absence of direct quotes and reliance on a single source are noted, but the information is plausible and consistent with standard financial reporting practices.

Worldline and YeePay partner to streamline cross-border travel payments amidst recovering Chinese tourism

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By bringing YeePay into Worldline’s acquiring framework, airlines and travel companies are expected to enjoy smoother payment flows, faster settlements, and compliance with the relevant Chinese and European regulations. This integration is made possible through Worldline’s Global Collect platform, which aims to boost operational efficiency and cut costs for businesses in this sector. For travelers, the partnership could mean more flexible payment options—covering local card schemes, international credit cards, and digital wallets—reducing hassle and supporting a return to more international air travel. The timing of this deal is pretty interesting because reports show that cross-border tourism in China has bounced back to around 80% of pre-pandemic levels—that’s thanks in part to new visa-free policies and an increasing number of international routes. This partnership, therefore, addresses a growing market, with plans to make payments easier for Chinese carriers venturing into overseas markets and for foreign airlines trying to establish a foothold in China. This move aligns with broader trends in how China is handling travel payments. For example, there are other deals like the one between fintech firm Hecto Financial and YeePay, which focus on expanding cross-border B2B payment networks between China and Korea. It’s clear there’s an ongoing effort to build more integrated financial services tailored for the travel industry. Adding to that, YeePay’s licenses for cross-border and domestic payments issued by the People’s Bank of China solidify its role as a key player in allowing these transactions to happen smoothly. Beyond this specific partnership, Worldline has been working on expanding its global payment solutions. For example, it’s been integrating digital wallets like Alipay+ across Europe, which helps merchants and travelers with more mobile and online payment choices. It also has a partnership with FreedomPay, which is focused on providing advanced acquiring and gateway services for the travel and hospitality sectors—showing their dedication to pushing innovation in travel payments worldwide. So, all in all, the partnership between Worldline and YeePay is a pretty significant step forward for cross-border payments in China’s travel scene. Both companies are keen to grow their cooperation further—beyond just airlines—to include hotels, online travel agencies, and the broader travel industry. This could lead to more integrated, more efficient payment ecosystems, making travel between China and the rest of the world a lot smoother in the future. References: - Paragraph 1: 1, 2, 3, 7 - Paragraph 2: Same as above - Paragraph 3: Same sources as above - Paragraph 4: 4 - Paragraph 5: 5, 6 - Paragraph 6: Same as sources in paragraphs 1–3 Source: Noah Wire ServicesVerification / Sources https://ffnews.com/newsarticle/paytech/worldline-and-yeepay-sign-strategic-partnership-to-unlock-cross-border-payment-opportunities-in-chinas-aviation-and-travel-sector/ - Please view link - unable to able to access data https://worldline.com/en/home/top-navigation/media-relations/press-release/pr-2025_10_02_01 - Worldline, a global leader in payment services, has entered into a strategic partnership with YeePay, a leading Chinese third-party payment provider specialising in the airline and travel sector. This alliance combines Worldline’s extensive global acquiring network and leadership in European aviation payments with YeePay’s deep expertise in China’s travel payment ecosystem. Together, the companies will offer a comprehensive one-stop payment solution, enabling seamless cross-border transactions for international carriers operating in China and Chinese airlines expanding their global presence. The partnership aims to provide simplified payment processes, accelerated settlement, and full compliance with both Chinese and European regulations, benefiting airlines, travel businesses, and travellers alike. Travellers will be able to pay using their preferred methods, including local card schemes, international credit cards, or digital wallets, reducing friction and supporting the growth of cross-border air travel. The market potential is considerable, with cross-border tourism in China already returning to 80 per cent of pre-pandemic levels and continuing to rise, driven by new visa-free entry policies and an increasing number of international routes. This partnership provides a cross-border payments solution, enabling Chinese carriers to reach international markets and international airlines to access China with ease, underpinned by Worldline’s global network and YeePay’s local know-how. https://www.rttnews.com/3579249/worldline-yeepay-join-hands-for-cross-border-travel-payments-in-chinese-tourism-sector.aspx - Worldline, a global payment services provider, has entered into a strategic partnership with YeePay, a Chinese payment provider in the airline and travel sector. The alliance combines Worldline’s global acquiring network and European aviation expertise with YeePay's strong presence in China's travel payment ecosystem. Together, they will deliver a one-stop cross-border payment solution, simplifying transactions for international carriers in China and supporting Chinese airlines' global expansion. By integrating YeePay into Worldline's network, airlines and travel businesses gain faster settlement, streamlined compliance with Chinese and European regulations, and improved efficiency through Worldline's Global Collect platform. Travellers will also benefit from greater choice, including local card schemes, international credit cards, and digital wallets. https://cm.asiae.co.kr/en/article/2025082709163018079 - Fintech company Hecto Financial has announced a strategic collaboration with Chinese mobile payment company YeePay to establish a Korea-China B2B cross-border payment network utilizing domestic banking networks. The two companies plan to start by expanding their merchant base in the tourism sector, including airlines and travel agencies. Hecto Financial is a fintech company specializing in payment services based on banking solutions such as firm banking and easy cash payments through integration with domestic banks. YeePay is a leading B2B payment service provider in China, holding both cross-border and domestic payment licenses issued by the People’s Bank of China. With a global payment network spanning over 130 countries and regions and real-time settlement in more than 30 currencies, YeePay offers specialized payment solutions for sectors such as airlines, travel, and cross-border transactions. The partnership aims to connect the banking networks of Korea and China, using both companies as hubs, to shorten settlement times and provide merchants with lower fees and more favorable exchange rates compared to existing settlement systems. This will enable more efficient and convenient international transactions, particularly in the tourism sector. https://worldline.com/en/home/pressroom/press-releases/2022/pr-2022_02_09_01.html - Worldline, the European leader in the payments and transactional services industry, announced the integration of Alipay+ into its global portfolio. Through the collaboration, Worldline enhances its payment offering for in-store and e-commerce merchants across Europe, helping them to better serve customers through expanded mobile payments and other digital payment methods. Worldline is the first acquirer to enter into a full-scale multi-country integration with Alipay+. Launched in 2020, Alipay+ is a suite of global cross-border digital payments and marketing solutions operated by Ant Group. It supports a wide range of digital payment methods, including e-wallets and bank apps, such as Touch ‘n Go eWallet in Malaysia, TrueMoney in Thailand, GCash in the Philippines, Kakao Pay in South Korea, as well as Alipay and AlipayHK in China. With a rollout expected to start in 2022, the enhanced payments solution works with all Worldline terminals and applications, providing the same QR code for each new digital payment method. This brings ease of use to merchants as no change is required in merchants’ operations and the payment method recognition works fully automatically. Merchants also benefit from increased customer relations as online shoppers and travelers from Asia will experience a familiar, secure, seamless, and entirely automated payment flow. Merchants from all sectors, including retail, F&B, and hospitality across Europe, can simply reap the benefits by upgrading the fully integrated POS and e-Commerce solution from Worldline to enable Alipay+ acceptance, through effortless software updates with no additional investment. https://worldline.com/en/home/top-navigation/media-relations/press-release/worldline-and-freedompay-announce-strategic-travel-hospitality-partnership - Worldline, a global leader in payment services, has entered a strategic partnership with FreedomPay, a leading global independent payment gateway. Focusing on the significant and rapidly evolving Travel & Hospitality sector, this collaboration will deliver innovative acquiring services and gateway capabilities to businesses across Europe and can be extended to Retail and other industries in the future. To enhance payment operations for major hotel chains with a global presence, the partnership offers a comprehensive, omni-channel solution. Integrating a Host2Host connection, developed by FreedomPay, with Worldline’s unique combination of acquiring and Dynamic Currency Conversion (DCC) services, the solution will support both card present and card not present transaction flows. https://www.finanznachrichten.de/nachrichten-2025-10/66598265-worldline-yeepay-join-hands-for-cross-border-travel-payments-in-chinese-tourism-sector-020.htm - Worldline, a global payment services provider, has entered into a strategic partnership with YeePay, a Chinese payment provider in the airline and travel sector. The alliance combines Worldline’s global acquiring network and European aviation expertise with YeePay's strong presence in China's travel payment ecosystem. Together, they will deliver a one-stop cross-border payment solution, simplifying transactions for international carriers in China and supporting Chinese airlines' global expansion. By bringing YeePay into Worldline's network, airlines and travel businesses gain faster settlement, streamlined compliance with Chinese and European regulations, and improved efficiency through Worldline's Global Collect platform. Travellers will also benefit from greater choice, including local card schemes, international credit cards, and digital wallets. According to Worldline, with cross-border tourism in China back to 80 percent of pre-pandemic levels and rising under new visa-free policies and expanded routes, the partnership is expected to drive growth in international air travel payments. Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 10 Notes: ✅ The narrative is fresh, with the earliest known publication date being 2 October 2025. (worldline.com) Quotes check Score: 10 Notes: ✅ No direct quotes were identified in the provided text, indicating potential originality or exclusivity. Source reliability Score: 10 Notes: ✅ The narrative originates from Worldline's official press release, a reputable source. (worldline.com) Plausability check Score: 10 Notes: ✅ The claims are plausible and align with known industry trends, with no inconsistencies or unverifiable entities identified. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: ✅ The narrative is fresh, originating from a reputable source, and presents plausible claims without inconsistencies or unverifiable entities.