Global Payments Giant ‘Worldpay’ Coming To Oz
Global payments giant, Worldpay, has announced it’s expanding to Australia, taking on Visa, Mastercard and American Express, whilst intensifying pressure on traditional banks’ merchant services.
Known for its significant UK presence, the company is valued around US$43 billion, and was recently acquired by Fidelity National Information Services in the biggest electronic payment industry deal yet.
According to its website, Worldpay processes over 40 billion transactions annually via 300+ payment types, expanding 146 countries and 126 currencies.
The company recently became the first acquirer to enable Amazon Pay for merchants, starting in the United States.
As per Reuters, Worldpay will open two Aussie offices, setting its sight on the US$30 billion local e-commerce industry.
The payment platform will initially target online retail, gaming, travel industries.
Worldpay asserts establishing Australian offices will help attract new clients and increase its national presence.