What is Worldpay? Worldpay Review

Worldpay is a leading global payment services provider.

About Worldpay

Worldpay was originally a subsidiary of NatWest Bank in the UK. After the merger of National Westminster Bank and Royal Bank of Scotland, Worldpay became independent in 2009 and went public in 2015. Every year, Worldpay provides payment processing services in 126 currencies in 146 countries and helps customers accept more than 300 different payment methods. The total number of payment transactions processed exceeds 40 billion. Its competitors include payment companies such as PayPal, Stripe, and Square.

Worldpay provides a wide range of high-tech payment products and services to approximately 400,000 customers to help them grow their business. Worldpay manages the increasingly complex payment environment for customers, enabling them to calmly deal with different payment methods around the world.

Business Scope

Worldpay processes more than 40 billion transactions annually through more than 300 payment types in 146 countries and 126 currencies. The company's growth strategy includes expansion into high-growth markets, verticals and customer segments, including global e-commerce, integrated payments and B2B.

Worldpay is more than just a payment tool. It also provides solutions covering all elements of the payment chain, including acquiring, gateways, risk management, local payments, funds management, mobile payments, and analytics optimization.

Worldpay supports a variety of credit cards, such as MasterCard, VISA, Visa PurchASINg, Visa Delta, Visa ElecTROn, JCB, Maestro. Worldpay is also a common online payment method in the UK.

Products and Services

1. Worldpay

The best combination of global and local payment methods helps your business grow faster.

Partner with a service provider to meet your global payment needs.

·Work with payment experts serving the world’s largest retail brands.

2. Gateway Service

Access all Worldpay services through one integrated technology system.

· Enable a seamless online payment experience across all digital touchpoints.

3. Multi-currency acquiring

·Work with dedicated consultants who have close relationships with the card organizations.

Provide online acquiring services for major credit cards around the world and support more than 120 transaction currencies.

4. Local payment methods

Expert services and 326 local payment methods help retailers offer the best local payment methods.

5. Fraud prevention and risk management

Merchants can benefit from the system’s automated risk analysis and chargeback management.

Fraud prevention products tailored for the retail industry, including early fraud detection and shopper screening.

6. Funding services

Reduce foreign exchange risk and increase profits.

·Provide leading payment services through a strong payment network consisting of more than 300 bank accounts.

operations

Worldpay operates through three main business segments:

· Streamline: The UK's No.1 full-service POS acquirer and processor.

l eCommerce: A leading e-commerce payment solutions provider, providing payment solutions in more than 120 currencies.

· WorldPay US: The fourth largest full-service POS acquirer and processor in the US.

Acquisition

In July 2017, US payment processing company Vantiv Inc. announced in early July that it had agreed to acquire Worldpay, which had just been listed for two years, for $10 billion (about 8 billion pounds). The two parties had reached a principle agreement on the main terms of the merger. At the end of the acquisition, Worldpay shareholders will hold approximately 41% of Vantiv's shares.

In January 2018, Vantiv completed its acquisition of Worldpay Group.

It is understood that Vantiv was founded in 1971 and is a payment processing and technology provider headquartered in Ohio. Its two main businesses are: business services and financial institution services. It currently serves more than 800,000 merchants and 1,400 financial institutions, processing more than 20.1 billion payment transactions and approximately US$726 billion each year. As an existing investor in Worldpay and Advent International, Vantiv is currently the largest business acquirer in the United States.

Development History

-In June 2013, Worldpay launched Worldpay Zinc, a mobile card processing terminal that connects to smartphones.

-In September 2013, Worldpay revealed that it had acquired US payment processing company Century Payments.

- In November 2013, Royal Bank of Scotland said it had sold its remaining stake of around 20 percent in Worldpay to the payment processing company's majority shareholders, private equity firms Advent International and Bain Capital.

-In May 2014, Worldpay officially entered the Chinese market and established long-term cooperative relationships with domestic payment institutions such as Alipay and China UnionPay.

- In July 2017, Vantiv announced its intention to acquire Worldpay for $10.4 billion. Subsequent announcements indicated that the combined entity would be named "Worldpay" and would be headquartered and listed in the United States, but internal operations would be based in the United Kingdom.

-In August 2017, Vantiv announced that it would acquire Worldpay. In January 2018, Vantiv Inc., a U.S. payment processing and technology provider, completed its acquisition of payment technology solutions company Worldpay Group.

-In 2018, Worldpay has become the world's largest acquiring bank, providing payment processing services in 126 currencies in 146 countries.