Groupe Casino Invests in Lyf Pay

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Casino digital exec Cyril Bourgois, says:

“With this building-block partnership, the Casino Group and its banners are going to speed up joint development of a highly secure, digital mobile payment solution that will be available in all of the Group’s stores in France.”

Group Casino (OTCPK:CGUIF) discloses that it’s adding to its existing partnership with Lyf Pay and will take an initial stake of 5% in the molibe payment solution provider. Financial terms of the arrangement weren’t disclosed.

The company says the Lyf Pay solution will be introduced in coming months at Le Petit Casino, Leader Price, Franprix, Monoprix and Naturalia.

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