FIS Announces Payment Processing Expansion in Africa

FIS (NYSE: FIS), a financial services technology firm, announced on Friday it has expanded its payment processing in Africa. Through the expansion efforts, FIS will integrate technology from Flutterwave, a U.S.-based payments technology company with operations in Africa, into its Worldpay payment processing platform for businesses and merchants looking to serve this growing market.

FIS claims that the solution will enable Worldpay’s eCommerce merchant customers to use streamlined application programming interfaces to enter new African geographies quickly and easily. Shane Happach, EVP, Head of Global eCommerce of Worldpay Merchant Solutions at FIS, stated:

“All over the world, we’re seeing how breaking down barriers to do business in emerging economies is driving sustainable growth in commerce. The opportunity Africa presents for multi-national companies is enormous, so it’s incumbent on technology leaders like Worldpay to ensure our clients can do business in every corner of the globe. We are excited to help our customers meet that growing demand.”

FIS added that Worldpay merchants will be able to process online payments in 26 markets across Africa, including Nigeria, South Africa, Egypt, Ghana, and Ethiopia.

WorldPay claims to be a “global leader” in payments processing technology and solutions for business customers. The company states it operates reliable and secure proprietary technology, which enables users to accept various payment types across multiple channels around the world.

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