Worldpay has expanded its Worldpay for Platforms service to Canada and the UK, while also strengthening its presence in Australia.
The move comes as the demand for financial services is growing, with 90% of SMEs indicating that access to financial services from within their software platforms is key to growth, according to research made by Worldpay.
Supporting software platforms
The new offering supports software providers to integrate secure and scalable payment experiences within their platforms, leveraging Worldpay’s global payments expertise and personalised relationship management. Worldpay for Platforms aims to make complex financial services simpler for developers to create native software experiences that enable automated reconciliation and a single point of service support for merchants.
The solution offers a fully managed payments service that reduces risk, simplifies compliance, and enables platform providers to focus on their core operations. Allowing for easier payment integration, it creates a centralised hub for customer transactions and better business management tools. With a modern API architecture, Worldpay for Platforms offers a single point of integration for credit and debit cards, direct debit, digital wallets, and more payment methods.
One customer that has already adopted Worldpay for Platforms is the Canadian firm CampLife, stating that it was able to customise its payment experience within its software offering, driving more value for its clients with a simple end-to-end solution. Worldpay representatives mentioned that, by leveraging the new solution, vertical software providers can unlock new revenue streams, increase retention rates, and improve customer loyalty. By rolling out in new markets, the company aims to help its partners and clients deliver more value, develop more services, and stand out in the industry.
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