Worldpay has extended Worldpay for Platforms service to Canada and the UK, while enhancing its presence in Australia.
The service allows software providers to integrate payment processing capabilities directly into their platforms to simplify financial transactions for developers and merchants.
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It aims to address the complexities associated with financial services by facilitating the creation of native software experiences, enabling automated reconciliation and providing a single point of service support.
Worldpay for Platforms head Matt Downs said: “As business software tools converge into unified experiences, we’re investing in embedded payments to help SaaS providers become the everything platforms for their users.
“We are committed to serving our current software platforms and new clients in the key geographies where they do business by making embedded solutions easier to integrate and elevating the experiences they provide their users.”
In the Canadian market, CampLife, an accommodation platform, is cited as an early adopter of this service.
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By GlobalDataWorldpay for Platforms is characterised by a fully managed payments service that purports to mitigate risk and streamline compliance processes for platform providers.
The service manages payment processing through a “centralised” system.
The service’s API architecture is engineered to offer a single point of integration for a variety of payment methods, including credit and debit cards, direct debit, digital wallets, among others.
Worldpay international platforms SVP and GM Alison Morris stated: “By offering integrated payment experiences that are trusted, secure and designed around the end-customer, vertical software providers can unlock new revenue streams, increase retention and strengthen loyalty.
“By launching across these new geographies, we’re helping our partners deliver more value, grow faster and stand out in increasingly competitive markets.”
This month, Worldpay introduced domestic acquiring capabilities in Thailand, extending Asia Pacific reach.
