Global financial technology leader, FIS has announced that its merchant solutions business, Worldpay from FIS, will integrate Alipay+ into its global portfolio for e-commerce and POS offerings via a phased rollout to merchants, starting with the AlipayHK e-wallet.
Worldpay and Alipay+ have also signed a Memorandum of Understanding in Singapore that aims to deepen mutual business cooperation in the sector of electronic payments between the two parties.
Alipay+ features a suite of cross-border digital payment and marketing solutions operated by Ant Group, which connects global brands with mobile consumers worldwide. It gives global merchants the ability to accept cross-border payments from a range of methods such as digital wallets and bank apps.
Digital wallets are the leading payment method globally in e-commerce and at POS, accounting for around $18 trillion in consumer spending in the past year, according to Worldpay from FIS’ 2023 Global Payments Report.
Worldpay from FIS general manager for global e-commerce, Phil Pomford said, “Today’s consumers have high expectations when it comes to making purchases, and they expect nothing less than a convenient, fast and secure payment experience.
“To stay competitive, merchants must understand and offer the payment methods that their customers prefer. Local wallet providers are extending their dominance in several APAC markets. We’re thrilled to be collaborating with Ant Group to provide our global merchants access to the Alipay+ platform starting with the AlipayHK wallet.”
Ant Group general manager for Europe and the Middle East, Guoming Cheng added, “The collaborative effort with Worldpay will empower merchants to sell globally and contribute to our mission of providing more open, digitalised and inclusive financial services to global audiences.
“Alipay+’s suite of solutions is connected with more than one billion consumers worldwide. By tapping into Worldpay’s market leading footprint, together we can help more merchants globally accelerate their growth journeys and expansion into strategic markets.”
Worldpay enables merchants to take, make and manage payments across channels, geographies, and industries. Over one million merchants globally utilise Worldpay solutions to power in-store, online and mobile transactions, fight fraud, optimise authentication and tap into value-added services.