Worldpay and Alipay+ join forces for seamless cross-border payments, enhancing merchant solutions globally.
According to a statement from FIS, its merchant solutions division Worldpay will incorporate Alipay+ into its global offering. The AlipayHK e-wallet will first be supported by Worldpay’s merchants as part of the integration’s staggered launch.
On August 3rd, 2023, Worldpay and Alipay+ signed a Memorandum of Understanding in Singapore to expand their commercial relationships and cooperation in the area of electronic payments. Merchants can accept cross-border payments from a variety of sources with the help of Alipay+, which is part of a suite of cross-border digital payment and marketing solutions offered by Ant Group.
“Digital wallets are one of the most popular payment methods”
“Today’s consumers have high expectations when it comes to making purchases, and they expect nothing less than a convenient, quick, and secure payment experience,” said Phil Pomford, general manager for global e-commerce, APAC, Worldpay at FIS. Merchants must comprehend and provide the preferred payment options for their clients in order to remain competitive. In a number of APAC markets, local wallet providers are expanding their dominance. We are ecstatic to work with Ant Group to give our international merchants access to the Alipay+ platform.
According to Worldpay from FIS’ 2023 Global Payments Report, digital wallets are one of the most popular payment methods in the world for both e-commerce and POS, accounting for nearly $18 trillion in consumer spending just last year. This agreement gives businesses the chance to improve their customers’ payment experiences by facilitating transactions on Asia consumers’ favorite digital wallets.
“The collaborative effort with Worldpay will empower merchants to sell globally and contribute to our mission of providing more open, digitalized, and inclusive financial services to global audiences,” said Guoming Cheng, general manager of Ant Group in Europe and the Middle East. More than a billion users globally are connected to Alipay+’s innovative solution portfolio. Finally, together, we can support more international businesses in accelerating their expansion into strategic markets.