PTSB taps Worldpay to power merchant services in Ireland

By Gloria Methri

Irish Bank PTSB has extended its agreement with Worldpay to provide merchant services for the bank’s commercial customers. Building on the bank’s existing suite of payment solutions, PTSB customers will now have access to additional services from Worldpay, including e-commerce and ePOS, as part of the extended partnership.

Worldpay’s e-commerce platform allows businesses to trade online globally, while Worldpay ePOS is a new, fully inclusive POS and integrated payment solution. The bank will also have access to Worldpay’s Dynamic Currency Conversion solution, which provides cardholders with the choice to pay in their preferred currency.

According to the 2024 Global Payments Report from Worldpay, Ireland’s e-commerce market is expected to grow at a 9% CAGR through 2027 and be worth $18 billion. The use of digital wallets is also set to increase, rising from 30% to 43% of online spending and 14% to 29% at point of sale over the same period. Merchants who tap into advanced payment technology can get ahead of these trends while delivering the fresh experiences that consumers expect.

To help Irish businesses meet the growing need for advanced payment solutions, PTSB will expand its merchant services offering through Worldpay.

“To achieve our ambition of becoming Ireland’s best personal and business bank through exceptional customer experiences, it is vital for PTSB to offer a best-in-class merchant services solution to both existing and new customers,” said Jeff Harbourne, Head of Personal Banking at PTSB. “By partnering with Worldpay, we’re offering a competitive advanced payments solution to our existing and new customers that enables them to grow their businesses and accept payments across all channels.”

“We are delighted to have the opportunity to continue working with PTSB to support the growth of their commercial banking solutions. At Worldpay, we are focused on making it easy for businesses to manage their payments in-store, online and over the phone. Jointly with PTSB, we will work together to bring the best payment solutions to their customers seamlessly,” said Garrett Clifford, General Manager, Ireland at Worldpay.