back Back

ANZ Worldline Payment Solutions launches in Australia

By Leandra Monteiro

April 05, 2022

  • ANZ Worldline Payment Solutions
  • Australia
  • Banking transactions
Share

ANZ Worldline, Payment SolutionsANZ Worldline Payment Solutions announces its launch in Australia, a joint venture between ANZ and global payments services leader Worldline. Australian merchants will have access to some of the world’s most advanced payment solutions, proven internationally and adapted to meet the requirements of the Australian market.

Headquartered in Melbourne, ANZ Worldline Payment Solutions is the first partnership in Australia between a big four bank and a specialist payments provider, with Worldline holding a 51% stake in the local entity, and ANZ a 49% share.

From 1 April, ANZ Worldline Payment Solutions began delivering services to ANZ’s merchant customers. The company has solutions for small businesses through to large enterprises across all segments including retail, hospitality and fuel, which will also be available to all Australian merchants who want to offer better consumer experiences.

Vincent Roland, Managing Director Merchant Services, Worldline, said the company’s ambition is to bring together Worldline’s global scale and payments expertise with ANZ’s deep local knowledge and financial services leadership.

“Australians have always been early adopters of new technologies such as contactless payment and digital wallets. Australia is number four globally for payment terminals per capita, and the local eCommerce market – thanks largely to COVID – is tipped to get close to AU$100 billion by 2025,” he said.

He added, “Australia’s strong economic outlook and rising consumer confidence is a promising foundation for merchants who are well-placed to capitalise on Australia’s post-COVID recovery. It is vital that businesses have the tools to respond to the accelerating take-up of digital payments technology and the rebounding economy. While mass transaction technology calls for economies of scale, the uniqueness of each business must not be underestimated.

For small businesses, that means making it easier and faster to accept payments by using their customers’ preferred payment method. For large institutions and businesses, it’s about understanding the entire consumer journey, having insight through data at your fingertips and being able to layer-on value-adding solutions like loyalty programs”.

Petr Ryska, CEO, ANZ Worldline Payment Solutions, said, “The new company is planning significant investment in its local offering to deliver innovative, world-leading products to the Australian market.

In 2021, Worldline spent the equivalent of c.AU$380 million globally in research and development. ANZ Worldline Payment Solutions will invest a further $22.4 million in Australia to localise our platform, ensuring we meet the unique requirements of Australian merchants and comply with the various regulatory requirements”.

Later this year, a number of existing ANZ customers will be invited to participate in product pilots for new ANZ Worldline Payment Solutions technology. In a second phase commencing early 2023, the company will launch its new product suite for all Australian merchants, including:

  • Omnichannel – a solution for the mid-market that facilitates contemporary user journeys that have become the mainstay of large enterprises. It enables consumers to seamlessly transition between online and in-store touchpoints within a single purchase, while a single integrated back-office solution ensures operational efficiency and deep customer insight for the merchant.
  • YUMi – offers a whole new world of tailored and customisable customer interactions at the point of sale and beyond.  It includes self-checkouts, buy now pay later (BNPL) and loyalty schemes, all through an award-winning, revolving design.
  • Worldline Mobile Pay – an application that enables merchants to turn selected Android smartphones or tablets into a payments terminal to accept immediate payments from customers. With no additional device required, customers simply tap their payment method directly to the phone.

Ryska said ANZ Worldline Payments Solutions’ new product suite will help all its merchant customers improve their customers’ shopping experience, boosting loyalty and efficiency at the same time.

“For large enterprises, it means better customer journeys – a seamless, consistent, and straightforward shopping experience whether online, in-store, or on the go. For a tradesperson, you can get paid wherever you are. Payments will be processed on the spot with a mobile device. For a café owner, it means a better and tailored experience for customers who can split bills, run a bar tab, and easily tipstaff,” he said.

Previous Article

April 04, 2022

The evolving compliance industry: Interview with Joe Schifano, Global Head of Regulatory Affairs, Eventus

Read More
Next Article

April 05, 2022

Anchor automates B2B payments

Read More








IBSi Daily News Analysis

payment check out, Open Banking

April 23, 2024

ANZ Worldline Payment Solutions

UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Nium expands footprint in Asia with Artajasa partnership

Read More

Today

Klarna & Expedia team to offer flexible payments in the US

Read More

Today

Careem Pay expands international remittances to the UK

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023