British payment processor Worldpay has revealed plans to open two new sales offices in Australia and expands its business to New Zealand, where it has been granted a new card payment processing licence.
The new offices will be opened in Melbourne and Sydney, which will act as the company’s country headquarters.
Go deeper with GlobalData
The payments licence will allow the company to process transactions for merchants trading in New Zealand domestically.
Commenting on the move, Worldpay general manager of global e-commerce for Asia-Pacific Phil Pomford said: “By building a team of payments experts located in Australia, alongside the addition of a domestic card payment acquiring capability in New Zealand, Worldpay can offer a service that goes beyond the transactional.
“Our investment and addition of this new licence will enable us to further provide unparalleled access to global markets to help eCommerce businesses deliver on their international growth ambitions.”
Worldpay, which recently confirmed a $43bn merger agreement with FIS, expects the investment in the region to help it bolster its market presence and enhance payment processing capabilities for clients in a e-commerce market.
According to Worldpay report Australian e-commerce in is expected to grow by more than 37% over the next three years and worth nearly $40bn by 2022, while New Zealand’s e-commerce market is predicted to be worth $2.8bn.
In Australia, Worldpay was one of the first non-banking technology providers to launch a domestic acquiring licence in the year 2016.
Pomford added: “While there’s a lot of competition from traditional providers, Worldpay can offer something different. We’re already helping thousands of multi-national companies around the globe to drive sales, gain better data insights and enter new markets at scale.
“With our Australasian expansion, we want to show businesses in Australia and New Zealand that we’re the technology partner of choice to help them grow, and go global.”
Worldpay processes over 40 billion transactions each year through more than 300 payment types across 146 countries and 126 currencies.
