Global payment technology provider Worldpay, Inc. (NYSE: WP; LSE: WPY) announced on Wednesday it is set to expand its services into Australasian later this year, thanks to two major investments. The first step is to open two sales offices in Australia and the second is the expansion of its global footprint to New Zealand after obtaining a local license for acquiring card payments. According to WorldPay, the regional investments will enable the company to serve its Australasian clients through an enhanced market presence and in-country payment processing.
“This regional investment builds upon Worldpay’s commitment to the region, having been one of the first non-banking technology providers to launch a domestic acquiring licence in Australia in 2016. Worldpay’s new offices will be located in Melbourne and Sydney, with Sydney acting as the country headquarters. The new sites will not only help to better serve existing clients with rich payments expertise, solutions consulting and on-the-ground account management, but also deliver on Worldpay’sambitious plans to boost its client roster, which already includes VGW, Skiddoo, Lonely Planet, Webjet, and Supernova, the owner of Sand & Sky, Coco & Eve, BodyBoss and SkinnyMint.”
While sharing more details about the expansion, Phil Pomford, General Manager, Global Enterprise eCommerce, APAC at Worldpay, stated:
“Australasia is an exciting region with lots of growth potential, but also its own unique set of challenges. By building a team of payments experts located in Australia, alongside the addition of a domestic card payment acquiring capability in New Zealand, Worldpay can offer a service that goes beyond the transactional. Our investment and addition of this new licence will enable us to further provide unparalleled access to global markets to help eCommerce businesses deliver on their international growth ambitions.”
WorldPay also noted that the New Zealand card payment processing license will allow Worldpay to process transactions domestically for merchants trading in New Zealand. This new license means the global payments leader is one of a few providers to offer domestic acquiring capabilities in the country. Domestic acquiring in New Zealand will be available in the second quarter of 2019.