Expansion of Worldpay's embedded payment services now reaches Canada and the UK
**Worldpay for Platforms Expands Globally, Empowering Software Providers**
Worldpay, a leading global payment processing technology company, is making significant strides in its mission to simplify compliance, reduce risk, and enable platform providers to focus on their core services. The company's expansion into Canada, the United Kingdom, and deepening its presence in Australia is aimed at helping partners deliver more value, grow faster, and stand out in competitive markets.
At the heart of this expansion is Worldpay for Platforms, a comprehensive payment facilitation-as-a-service (PayFac-as-a-service) platform. This offering empowers software providers to integrate and offer payment processing capabilities within their own applications and platforms, often through a white-labeled solution branded as their own.
The service allows for seamless payment integration, with APIs, SDKs, and other integration tools enabling software providers to embed payment processing directly into their platforms. This smooth integration is crucial for offering customers a seamless payment experience within the software without redirecting them elsewhere.
Worldpay for Platforms also supports multiple payment methods and currencies, making it essential for software providers operating in Canada, the UK, Australia, and other international markets. This flexibility enables businesses to accept payments locally and globally without complications.
Software providers can also become Payrix Pro Partners or Facilitators, onboarding merchants themselves while Worldpay manages the complex payment processing infrastructure and risk management. This accelerates go-to-market timelines and reduces regulatory hurdles.
By incorporating Worldpay for Platforms, software providers can offer customers a more convenient, secure, and streamlined payment process. This includes features like hosted payment pages, digital and mobile payment options, and advanced fraud prevention.
Moreover, Worldpay handles underwriting, risk, and compliance challenges, allowing software providers to focus on their core products while ensuring payment operations comply with regional regulations.
One of the customers benefitting from Worldpay for Platforms' Canadian expansion is CampLife, an accommodation platform. Tyler Duffy, president at CampLife, stated that Worldpay's ability to embed and customize the payment experience within their software offering helps drive value for their clients with an enhanced, seamless end-to-end experience. This improves the lives of their clients and brings new levels of convenience to the camping experience when people are booking their getaways.
Matt Downs, head of Worldpay for Platforms, stated, "As business software tools converge into unified experiences, we're investing in embedded payments to help SaaS providers become the everything platforms for their users."
Worldpay for Platforms provides a fully managed payments service to platform providers, making complex financial services easier for developers to create native software experiences that enable automated reconciliation and single point of service support for merchants.
According to Worldpay research, 90% of small- and medium-sized businesses consider access to financial products and services within their software platforms as critical. Worldpay for Platforms stands out from many UK providers due to its modern API architecture.
In summary, Worldpay for Platforms is a game-changer for software providers, enabling them to enhance their product offerings with integrated payment functionality worldwide, improving end-user convenience and enabling growth into new markets like Canada, the UK, and Australia by leveraging a robust, scalable payment ecosystem.
- Worldpay for Platforms, a PayFac-as-a-service platform, empowers software providers to integrate payment processing capabilities into their applications, allowing them to offer a seamless payment experience to customers across various currencies and international markets.
- By partnering with Worldpay as a Payrix Pro Partner or Facilitator, software providers can onboard merchants and manage payment processing risks, while Worldpay handles the complex underwriting, risk, and compliance challenges, allowing the software providers to focus on their core products.
- With Worldpay for Platforms, software providers can deliver more value, grow faster, and stand out in competitive markets, as the service supports multiple payment methods, offers advanced fraud prevention, and provides a fully managed payment service, making complex financial services easier for developers to build native software experiences.
