The migration process has started. The transaction has already completed and it is part of Wyre’s larger focus for their API-first approach and WorldFirst’s global infrastructure and payment coverage made them a clear choice.
The transaction is expected to see WorldFirst benefit from access to new retail customers who are sending money and paying invoices throughout China, Mexico, Hong Kong, Brazil, and the UK.
Wyre’s focus to target a limited number of countries has allowed the US-based company to acquire clients within the ecommerce, education, manufacturing, and transportation industry.
A purchase amount for the transaction has not been disclosed.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.