Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Tuesday it has teamed up with Sage Pay, part of Sage Group (FTSE: SGE), to expand the range of card payment solutions available to businesses across the UK and Ireland
According to the duo, this new collaboration will open-up the opportunity for businesses of all sizes to deliver cost-effective, simple and transparent card payments solutions. Furthermore, the collaboration will help reduce time-to-trade for businesses, a vital precursor for success. While sharing more details about the partnership, Steve Newton, EVP, UK and Europe, Worldpay, stated:
“Worldpay is one of Europe’s largest payments processors and we are delighted to be partnering with Sage to champion the needs of growing businesses across the UK and Ireland. By partnering with such an established market leader in business technology solutions, where we are unlocking the power of digital payments for businesses of all sizes.”
Seamus Smith, EVP, Payments and Banking, Sage, added:
“We know it takes on average between 7 – 15 days for businesses to chase payments every year – time they could spend growing their business. By increasing the opportunities for businesses to accept card payments, their customers can quickly pay by card (or other digital payment methods of their choice), which helps reduce the businesses’ admin burden and the time it takes to chase them up.”