Payment service provider WorldPay has
developed a mobile payments service for merchants in partnership
with CellPoint Mobile, a provider of mobile infrastructure.
The solution combines WorldPay’s global
processing and acquiring engine and CellPoint Mobile’s payment
platform mPoint.
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“WorldPay is excited to partner with CellPoint
Mobile in offering secure mobile payment capabilities to
merchants,” said Gabriel Hopkins, head of e-commerce products at
WorldPay.
“We are committed to providing innovative and
effective solutions to the industry and mobile payments is a key
area of focus for WorldPay.”
According to a report by analyst firm Juniper
Research, the mobile retail market is predicted to see an annual
growth of 24% over the next four years, reaching $12bn in 2014.
Such growth is partly attributed to the increase in the production
and shipping of smartphones over traditional cellular phones.
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