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SumUp taps Worldpay from FIS for global expansion

Friday 11 February 2022 10:53 CET | News

US-based FIS has announced that fintech SumUp will use Worldpay’s merchant solution portfolio for continued global expansion.

SumUp supports over 3.5 million merchants in over 30 markets. The fintech offers tailor-made digital business solutions to small businesses and entrepreneurs, allowing them to run their business as well as pay with a range of card readers and multiple remote payment solutions such as invoices, gift cards, and payment links.

The financial technology company will utilise Worldpay from FIS’s global scale and acquiring services, which includes authorisation, clearing and settlement, dispute management, and data insights. The partnership will help SumUp expand into new markets, while enabling seamless payments experiences.

Worldpay company officials stated that the adoption of digital payments technology around the world continues to accelerate, and as companies enter new markets, they need local understanding of consumer behavior to ensure success. FIS processes over USD 2 trillion in transactions annually across more than 100 countries in numerous payments types and currencies.


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Keywords: FIS, partnership, digital payments, SMEs, expansion, payment methods
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce






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