Payments

StanChart Partners FIS’ Worldpay to Simplify Payment Experience for Merchants

Standard Chartered has partnered with Worldpay from FIS to expand the market coverage and enable new capabilities on the bank’s one-stop digital collections gateway for merchants, Straight2Bank Pay.

Both entities are collaborating to develop a comprehensive suite of digital collections solutions that enables businesses to collect funds from a wider range of payment methods including cards and alternative payment methods such as e-wallets and bank transfers.

It also allows Straight2Bank Pay to further grow its footprint across Asia, as well as enter into new markets across Europe, Middle East, UK and the US, and support more merchants in facilitating seamless payments experiences for their consumers.

Since its inception, the bank reported steady growth of its Straight2Bank Pay’s client base across various industries, with transaction value more than doubling from 2021 to 2022 and transaction volume growing more than three-fold over the same period.

Phil Pomford

“We are thrilled to partner with global banking leader, Standard Chartered, to deliver our advanced acquiring solutions and set the standard for smarter, frictionless payments across the globe.

Standard Chartered will take advantage of the global reach of Worldpay from FIS and its ability to provide speed and convenience for merchants to accept the preferred payment methods from their customers.”

said Phil Pomford, General Manager for Global eCommerce, APAC, Worldpay from FIS.

FIS SG

“We’re delighted that our strategic partnership with Worldpay can further our reach to even more markets across the bank’s footprint, as well as provide an expanded range of payment capabilities.

With a common vision to simplify the payment experience for businesses, we look forward to supporting more businesses on their digital payments journey, so that they in turn can meet their customers’ needs in a more seamless, efficient, and secure way.”