Payment processing company Worldpay will target growth in Australia and New Zealand. The company will open two offices in Australia to leverage the benefit from the $30 billion e-commerce industry.
Worldpay General Manager of Global e-Commerce for the Asia Pacific, Phil Pomford, says “We see growth opportunities to come into a market where there is rising employment, great population growth, and where the shift into the e-commerce and mobile commerce is significant.”
Worldpay had earlier been acquired by Fidelity National Information Services Inc., an electronic payments company, at a valuation of $43 billion. Worldpay target businesses in the online retail, travel, digital content and online gaming industries. The company provides services for digital-centric businesses such as travel websites Lonely Planet and Webjet, and online social gaming company Virtual Gaming World.
It competes against Visa, Mastercard, American Express, the merchant payment services issued by Australian banks, as well as with Dutch tech competitor Adyen.