Payment service provider WorldPay has
developed a mobile payments service for merchants in partnership
with CellPoint Mobile, a provider of mobile infrastructure.
The solution combines WorldPay’s global
processing and acquiring engine and CellPoint Mobile’s payment
platform mPoint.
“WorldPay is excited to partner with CellPoint
Mobile in offering secure mobile payment capabilities to
merchants,” said Gabriel Hopkins, head of e-commerce products at
WorldPay.
“We are committed to providing innovative and
effective solutions to the industry and mobile payments is a key
area of focus for WorldPay.”
According to a report by analyst firm Juniper
Research, the mobile retail market is predicted to see an annual
growth of 24% over the next four years, reaching $12bn in 2014.
Such growth is partly attributed to the increase in the production
and shipping of smartphones over traditional cellular phones.
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By GlobalData