• FIS-owned Worldpay is integrating Alipay+ to broaden the payment acceptance tools it offers merchants.
  • The rollout will begin with AlipayHK, a standalone e-wallet that is limited to Hong Kong dollars.
  • “By tapping into Worldpay’s market leading footprint, together we can help more merchants globally accelerate their growth journeys and expansion into strategic markets,” said General Manager of Ant Group in Europe and the Middle East Guoming Cheng.

Worldpay revealed its latest partnership today. The FIS-owned electronic payment and banking company announced it will integrate Alipay+ as an option among its e-commerce and POS offerings.

To initiate the rollout, Worldpay will start by enabling its merchant clients to support Alipay’s AlipayHK e-wallet. AlipayHK will be available to Worldpay’s clients in phases. Alipay launched AlipayHK as a standalone app in 2017. The AlipayHK wallet differs from Alipay because, as the name suggests, it is limited to transactions that are made and settled in local Hong Kong dollars.

“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,” said Worldpay from FIS General Manager for Global E-commerce, APAC Phil Pomford. “We’re thrilled to be collaborating with Ant Group to provide our global merchants access to the Alipay+ platform starting with the AlipayHK wallet.”

Developed by Ant Group, the wider Alipay+ brand provides global cross-border mobile payment tools that help merchants enable Alipay’s one billion active consumers to pay with apps they’re already using, including MPay, Kakao Pay, GCash, and more. Alipay+ also offers merchants digital marketing tools to better target and serve customers.

“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 General Manager of Ant Group in Europe and the Middle East Guoming Cheng. “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.”

Originally acquired in 1971, Worldpay now processes $130 million daily for more than one million merchants across the 146 countries. FIS acquired the company in 2019 for an estimated $34 billion. Earlier this year, FIS sold a majority stake in Worldpay to private equity firm GTCR.

Photo by Mikhail Nilov

Source: https://finovate.com/worldpay-adds-more-cross-border-payment-options-with-alipay/