WorldPay Partners with Microsoft, Pulls Back on Sale of U.S. Unit
June 13, 2013
E-commerce processor WorldPay, in separate announcements, unveiled partnerships with Microsoft and online gambling company MetroPlay. Last week, WorldPay said it struck an agreement with Microsoft that will enable consumers in China to purchase apps and games from the Windows Phone Store and Office subscriptions from O365. Under the agreement, Microsoft will be able to offer Chinese consumers the ability to pay for digital content using China UnionPay cards, Alipay and other alternative payment options.
“As we know from our experience of the Chinese market, alternative payment types such as Alipay are household names, meaning that any merchant looking to successfully generate revenue must think carefully about their payment offering to consumers,” said Phillip McGriskin, chief product officer for WorldPay. “By leveraging WorldPay’s alternative payment capabilities, Microsoft can be confident that transactions are made swiftly, successfully and in the consumer’s preferred payment method.”
Separately, WorldPay said it has been chosen by mobile and online gambling company MetroPlay to deliver processing, depositing and risk-management services. In other news, the London-based processor, which had been shopping its U.S. unit to interested buyers , reportedly has pulled back on the idea of a sale after it could not drum up interest at the $800 million to $1 billion price its private equity owners were seeking.