Financial technology company WorldPay has purchased global card payments service company YESpay, for an undisclosed sum, in a bid to boost its online and mobile payment capabilities.
Following completion of the acquisition, the acquirer will provide its UK customers an entire payment service, such as merchant acquiring, card processing and payment terminals integrated with point of sale systems.
YESpay’s businesses and assets including payment platforms and technologies, 150 staff, based in the UK, Canada and India and over 3,000 customer relationships will be transferred to WorldPay.
The integrated businesses will be in a position to tap the growing demands of omni-channel shoppers with a single payment service operating in-store, online and on mobile.
WorldPay CEO Ron Kalifa said the YESpay acquisition enhances the firm’s ability to help its client base transform their in-store processes to meet the needs of their customers.
Processing over eight billion transactions annually worth over £3bn, WorldPay manages offices in the UK, Europe, US and Asia, and is able to accept payments in 120 currencies.
Established in 2002, YESpay International offers highly secure Internet, EMV Chip and PIN, contactless and gift card payment processing services to independent and multi-chain merchants.