back Back

Australian e-tailer Woolworth launches Wpay payments platform

By Leandra Monteiro

June 14, 2021

  • Australia
  • Australian
Share

Woolworths Group, Woolworths, Wpay, New Zealand Australia, payments platform Woolworths Group, the parent company of global supermarket chain Woolworths, announced the launch of its payments solution, WPay, targeting both the New Zealand and Australian markets. With this move, Woolworths is challenging the Big Four banks by offering its payment processing capabilities to other businesses, including retailers and hospitality operators.

Aside from payment solutions, suppliers in the regions have also been looking for easier ways to integrate gifting, loyalty, and direct marketing platforms into their services. This demand was met by Australian e-tailer Woolworths.

According to media reports, Woolworths Group CEO, Brad Banducci said, “As Australia and New Zealand’s largest retailer, we’ve been investing in leading-edge payment capabilities to service our retail businesses for many years. We believe there is value in extending the benefits of the investments we’ve made in our payments platform to other merchants who may not have the scale to build it themselves. Payments are an increasingly important part of the shopping experience both in-store and online and we bring unique expertise to this space as retailers. We’ll continue to invest in our platform to unlock the best possible experience for our stores and merchant partners.”

The launch of Wpay is part of chief executive Brad Banducci’s strategy of generating revenue streams by building a retail ecosystem and opening its supply chain (Primary Connect), data analytics (Quantium), media (Cartology) and rewards programs to third parties to accelerate growth.

Prior to the launch of WPay, the group has been actively involved in numerous efforts, such as launching digital start-up HealthyLife, targeting the health-conscious market with health and wellness advice and products, and revamped its e-commerce delivery subscription service Delivery Unlimited.

Previous Article

June 14, 2021

Ria Money Transfer partners with Banco Rendimento to launch instant payments in Brazil

Read More
Next Article

June 14, 2021

Path Solutions wins TOP position in two categories in the IBSI SLT 2021

Read More








IBSi Daily News Analysis

cybersecurity

April 18, 2024

Australia

GCC banks bolster Cybersecurity measures to combat email fraud

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

April 19, 2024

Cashflows partners with National Association of Funeral Directors

Read More

April 19, 2024

Ant International set to create digital business centre in Malaysia

Read More

April 19, 2024

Opn appoints Vaden Landers as President and CEO of MerchantE

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