FIS has announced that Worldpay, its merchant solutions business, will integrate Alipay+ into its global portfolio. The integration will have a phased rollout, with Worldpay’s merchants first being able to support the AlipayHK e-wallet.
Memorandum of Understanding was signed in Singapore on August 3rd, 2023 by Worldpay and Alipay+ 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, giving merchants the ability to accept cross-border payments from a wide range of methods.
Phil Pomford, general manager for global e-commerce, APAC, Worldpay from FIS 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.”
Digital wallets are one of the leading payment methods globally in e-commerce and at POS, accounting for over $18trillion in consumer spending in the past year alone according to Worldpay from FIS’ 2023 Global Payments Report. By enabling transactions on shoppers’ preferred digital wallets in Asia, this partnership provides merchants with the opportunity to enhance their customers’ payment experiences.
Guoming Cheng, general manager of Ant Group in Europe and the Middle East said: “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 innovation solutions is connected with more than one billion consumers worldwide. Together we can help more merchants globally accelerate their growth journeys and expansion into strategic markets.”