Worldpay has launched domestic acquiring in Thailand, adding local payment and settlement capabilities as it continues its strategy to support global merchants in high-growth markets across Asia Pacific.
The expansion brings the company’s card acquiring services into Thailand where Worldpay will be able to provide domestic settlements in local currency to Thai merchants.
Worldpay also supports domestic acquiring capabilities in nine markets in the Asia Pacific region including Australia, New Zealand, Singapore, Hong Kong, Japan, Malaysia, India, South Korea and now Thailand.
Gabriel de Montessus, president of global enterprise at Worldpay, said. “Our in-market experts help merchants optimise their offerings, navigate complexities and ensure they accept the right mix of payment types enabling them to unlock growth opportunities.
“The payments landscape is rapidly evolving in Thailand as we’re seeing a significant shift from cash use to digital wallets and account-to-account (A2A). It’s increasingly important for merchants operating in the market to deliver the right shopper experience with the fastest most secure payments possible.”
Thailand expansion
Thailand’s e-commerce market is expected to grow at nine per cent annually through 2030, according to the latest Worldpay Global Payments Report Global Payments Report.
In addition to card acquiring, Worldpay is launching access to four alternative payment methods in the market; LINE Pay, TrueMoney, PromptPay and online banking.
Thai merchants will also have access to other solutions from Worldpay including multi-layered fraud protection, dispute management services as well as consultative expertise backed by the company’s global data insights.
Worldpay also recently announced its expansion in Colombia and Mexico.
