Tuesday, 16 July 2024
Worldpay from FIS to integrate Alipay+ for cross-border payments
FIS® announced that its merchant solutions business, Worldpay from FIS, will integrate Alipay+ into its global portfolio for e-commerce and POS offerings.
There will be a phased rollout for its merchants, starting with the AlipayHK e-wallet. Worldpay and Alipay+ have also signed a memorandum of understanding in Singapore on 3 August 2023 that aims to deepen mutual business cooperation in the sector of electronic payments between the two parties.
Alipay+ features a suite of cross-border digital payment and marketing solutions operated by Ant Group, which connects global brands with mobile-savvy consumers worldwide. It gives global merchants the ability to accept cross-border payments from a wide range of methods such as digital wallets and bank apps, especially across Asia.
Digital wallets are the leading payment method globally in e-commerce and at POS, accounting for $18 trillion in consumer spending in the past year, according to Worldpay from FIS’ 2023 Global Payments Report. By enabling transactions on shoppers’ preferred digital wallets in Asia, this new collaboration between Worldpay and Ant Group is an exciting opportunity for merchants to enhance their customers’ payment experience.
Phil Pomford, general manager for global e-commerce, Asia Pacific (APAC), Worldpay from FIS said: “Today’s consumers have high expectations when it comes to making purchases, and they expect nothing less than a convenient, fast and secure payment experience. To stay competitive, merchants must understand and offer the payment methods that their customers prefer. Local wallet providers are extending their dominance in several APAC markets. We’re thrilled to be collaborating with Ant Group to provide our global merchants access to the Alipay+ platform starting with the AlipayHK wallet.”
Guoming Cheng, general manager of Ant Group in Europe and the Middle East said: “The collaborative effort with Worldpay will empower merchants to sell globally and contribute to our mission of providing more open, digitalised and inclusive financial services to global audiences. Alipay+’s suite of innovation solutions is connected with more than one billion consumers worldwide. By tapping into Worldpay’s market leading footprint, together we can help more merchants globally accelerate their growth journeys and expansion into strategic markets.”
Worldpay enables merchants of all sizes to take, make and manage payments across channels, geographies, and industries. Over one million merchants globally trust Worldpay solutions to power their in-store, online and mobile transactions, fight fraud, optimise authentication and tap into value-added services that boost commerce. Additionally, Worldpay facilitates payouts to a broad network of suppliers and beneficiaries around the world, with the capability to send money to approximately 225 markets in 146 countries.
Re-disseminated by The Asian Banker
