OxPay Financial has appointed Worldpay, which was acquired by Fidelity National Information Services (FIS) in 2019, to provide merchant acquiring services in Singapore for offering e-commerce Visa and MasterCard processing, the Singapore-listed payment facilitator said in a filing to SGX Monday.
In addition, OxPay will market other types of digital payment services to customers in the fashion, beauty, cosmetics and food and beverage segments, the filing said.
OxPay plans to extend the collaboration with Worldpay to other regional markets within 18 months, the filing said.
“Worldpay provides the global scale, footprint, expertise and seamless acquiring services we need to meet our business goals, and we look forward to working with them as we expand in the region,” Henry Tan, managing director of OxPay, said in the statement.
Phil Pomford, general manager for global e-commerce for Asia Pacific at Worldpay from FIS, noted the Covid-19 pandemic has accelerated adoption of digital technology and e-commerce growth globally.
“Southeast Asian markets present fresh opportunities, and are also home to a new generation of ambitious high-growth regional brands looking to expand their footprint. Our goal at FIS is to be a true partner to enterprises such as OxPay, passporting them to success,” Pomford said in the statement. “We look forward to the opportunity to support payment facilitators such as OxPay and help connect their merchants to a world of payments.”