Worldpay from FIS announces its expansion into the UAE
By Leandra Monteiro
Continuing to build its footprint as a global acquirer, FIS has announced its Worldpay merchant business will be expanding its payment processing capabilities into the United Arab Emirates (UAE) this year.
“The UAE presents fresh opportunities for global businesses and it’s an exciting time to be entering the market,” said Gabriel de Montessus, Head of Global Enterprise Merchant Solutions, FIS. “Our new domestic acquiring capability in the UAE will ensure seamless integration into the country for global merchants with a local presence, while local sellers will benefit from our leading geographic footprint, enabling them to expand globally. Our payments people have their fingers on the pulse of global payments trends. Their understanding of how local consumers prefer to pay will ensure merchants optimize their performance as they enter new markets and accelerate global commerce.”
Worldpay has secured a category II payment services license that allows for card acquiring and disbursements. This new domestic license in the UAE will enable the company to offer its payment services to both local companies with global ambitions, and rapidly growing enterprises looking to expand in the market. This comes on the back of its successful expansion into South Korea in 2022.
Merchants doing business in the UAE will be able to take advantage of Worldpay’s advanced acquiring capabilities, which will be able to connect them to authorisation, clearing and payments settlement, dispute management software and data insights. Merchants will also benefit from a seamless payments experience through a single point of integration helping to increase acceptance, improve customer experience, and reduce fraud.
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November 28, 2023
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