The company’s struggle to secure new business stems from a turbulent period marked by profit warnings and allegations of money laundering, which have stalled contract negotiations. While the firm previously anticipated modest growth, it now expects revenue to remain stagnant or show only marginal improvement as it navigates this period of institutional caution.
Despite these headwinds, leadership remains focused on the merchant services segment as a primary engine for recovery in the second half of the year. Backed by key stakeholders including Credit Agricole and BNP Paribas, the company is attempting to stabilize its position through a 500 million euro capital injection and revised free cash flow forecasts designed to win back investor confidence.
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