Rakuten Kobo, a Canada-based eReading company, has selected WorldPay to manage its online payment processing and acquiring in its home market.
Rakuten Kobo already works with Worldpay in other markets, including the US, Europe and Japan.
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To foray into Canadian market, WorldPay signed up Peoples Trust Company as its Canadian banking partner.
The deal with Peoples Trust allows WorldPay to process payments domestically in Canada, enabling its clients to remain fully compliant with regional regulations and Canadian credit and debit card codes.
Worldpay vice chairman and executive director Ron Kalifa said: "We pride ourselves on being a leading provider of payment and risk services for business everywhere, and look forward to bringing that expertise to a unique and innovative Canadian market."
Rakuten Kobo executive vice president of finance Dan Budlovsky said: "They’ve helped us tailor our eCommerce approach to our growing user-base, and drawing on their global experience we’ve completely modernised our payments processes to make them simpler and more cost-efficient than ever."
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