Australia is an e-commerce market of growing significance and one of the world’s largest e-commerce acquirers and processors sought and received a license to process payment there locally. Worldpay already processes payments for several high-profile companies doing business in Australia including ASOS, Expedia and Cathay Pacific. The company said the country’s high level of mobile wallet adoption and willingness to look cross-border is indicative of its attractiveness as an e-commerce destination.
“We have quickly found merchants trading in Australia are hungry for a payment solution that can help them drive up conversion rates and drive down the costs of running an online business across multiple markets,” said Shane Happach, managing director of Global eCommerce at Worldpay. “These attributes, together with the data insight and range of alternative payment methods we can offer merchants trading in Australia, gives us a clear edge in the market which we hope to capitalize on fully in the years to come.”