French Retailer Casino Secures Stake in Payments Startup Lyf Pay

[kreslik.news]

French supermarket chain Casino today announced that it has acquired an equity stake in Paris-based payment firm Lyf Pay, which rolled out its services across Europe last year to rival Apple Pay and Alibaba’s Alipay.

Lyf Pay was initially launched in 2017 as a joint venture between the grocery chain Carrefour and BNP Paribas, and also received support from other players including Crédit Mutuel, Auchan, payments processor Mastercard, Oney and oil company Total.

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