Sydney, 14 April 2026
Cuscal Limited (ASX:CCL) (Cuscal) has advised the market today that it has entered into an exclusive arrangement with Retail International Holding S.A.S. (Worldline) to acquire 100% of Paymark Limited, (Paymark), a leading payments services provider in New Zealand, (the Acquisition).
Because Worldline is a French company, the agreement is subject to a mandatory French regulatory consultation process customary for a transaction of this nature. Subject to the completion of that process, completion of the Acquisition is expected to occur by the end of this financial year.
The Acquisition expands Cuscal’s market position in New Zealand, providing immediate national‑scale relevance in an on-strategy economy and supports Cuscal’s ability to serve clients operating across Australia and New Zealand.
Paymark is a core part of New Zealand’s payments infrastructure, processing more than 1.5 billion transactions each year and serving all major New Zealand banks, alongside a broad base of enterprise and merchant clients. It is a well‑established business with an experienced leadership team and a strong reputation in the New Zealand market.
Commenting on the Acquisition, Cuscal Managing Director Craig Kennedy said:
“Paymark represents a strategically aligned opportunity where value creation will be driven by strong standalone economics, limited integration, and the opportunity to deliver sustainable, long-term returns for our shareholders. We are excited by the opportunity to expand our presence in New Zealand and look forward to welcoming the Paymark team to Cuscal.”
The Acquisition will be funded via an equity raise, comprising a fully underwritten Institutional Placement of A$30 million. Cuscal will also undertake a non-underwritten Share Purchase Plan for up to A$3 million, which would cover all transaction costs.
About Cuscal
Cuscal is a leading payments and regulated data services provider, connecting banks, fintechs, and corporates to Australia’s payments infrastructure since 1966. Our mission is to partner with forward-thinking businesses to deliver innovative and secure payment solutions that drive growth in the economy.
Media Contact: mediaenquiries@cuscal.com.au.
