Agreement secured with world-leading payments provider, Worldpay from FIS
Openpay Group Ltd (ASX: OPY) (Openpay or the Company) and its US business Opy USA have secured an agreement with global payments provider, Worldpay from FIS, part of the global financial products and services group Fidelity National Information Services, Inc. (NYSE:FIS) (See more at: https://www.fisglobal.com/en/about-us).
Under the agreement, the two companies will collaboratively endeavour to develop a mutually beneficial commercial relationship whereby, amongst other things:
- The parties would collaborate to offer flexible ‘Buy now. Pay smarter’ payment products and other solutions to merchants and customers in territories in which Openpay operates;
- Openpay products would be integrated onto the payment Gateway operated by WorldPay from FIS (“Integration”), thereby offering Openpay products to FIS’ merchants and enabling those merchants to implement Openpay’s offerings quickly and seamlessly; and
- The Company will use Worldpay from FIS as its merchhant acquirer in the USA and, subsequently, in other territories in which Integration has been effected.
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