Financial technology leader FIS (NYSE: FIS) has today announced that global fintech SumUp will use Worldpay’s merchant solutions portfolio, as the Europe-based fintech leader continues its global expansion.
London-based SumUp supports over 3.5 million merchants in over 30 markets. The fintech offers tailor-made digital business solutions to small businesses and entrepreneurs, allowing them to run their business as well as pay simply, easily and securely with a range of card readers and multiple remote payment solutions such as invoices, gift cards and payment links.
The financial technology company will utilise Worldpay from FIS’s global scale and advanced acquiring services, which includes authorization, clearing and settlement, dispute management and data insights. The partnership will help SumUp expand into new markets, while enabling seamless payments experiences.
“The adoption of digital payments technology around the world continues to accelerate, and as companies enter new markets, they need local understanding of consumer behavior to ensure success,” said Jim Johnson, Head of Merchant Solutions, Worldpay from FIS. “We are excited to team with SumUp to help them provide frictionless payments and fuel smarter commerce in the markets they serve.”
“At SumUp our vision is a world where the smallest and most unique businesses can be successful in doing what they love. We are focused on providing innovative solutions which enhance the payment experience, and that is why we’ve chosen to align our business with Worldpay solutions,” said Steve Delpy, Global Head of Acquiring, Payment Network and Expansion at SumUp. “Worldpay’s global footprint and deep expertise in the sector will allow us to continue to provide our valued customers with a secure and convenient payment experience”.