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ots-News: English

Worldpay and Sage Partner to Provide Fast and Efficient Payments to Businesses Across the UK and Ireland

12.02.2019 | 10:01 Uhr | Ressort: Economy | Quelle: Presseportal


London (ots/PRNewswire) -

Worldpay, Inc. (https://www.worldpay.com/) (NYSE: WP) (LSE: WPY),
a leading global payments technology provider, and Sage Pay, part of
Sage Group (FTSE: SGE), a market leader in cloud business management
solutions, have today announced a partnership that broadens the range
of card payment solutions available to businesses.

This partnership will open-up the opportunity for businesses of
all sizes to deliver cost effective, simple and transparent card
payments solutions. Furthermore, the collaboration will help reduce
time-to-trade for businesses, a vital pre-cursor for success.

Currently, 17% of all invoices from small and medium businesses
are paid late in the UK and Ireland*. The UK currently has the
highest proportion of invoices that are paid late, with 9% written
off as bad debt. The acceptance of card payments helps businesses get
paid on time.

Worldpay is a global leader in payments processing technology and
solutions, enabling merchants to accept a vast array of payment
types, across multiple channels, almost anywhere in the world.
Processing over 10,000 transactions per minute, the company can
service merchants 24/7 all around the world, from sole traders who
process small volumes through to large corporates processing millions
of transactions, daily.

Steve Newton, EVP, UK and Europe, Worldpay, said: "Worldpay is
one of Europe's largest payments processors and we are delighted to
be partnering with Sage to champion the needs of growing businesses
across the UK and Ireland. By partnering with such an established
market leader in business technology solutions, where we are
unlocking the power of digital payments for businesses of all sizes."

Seamus Smith, EVP, Payments and Banking, Sage, said: "We know it
takes on average between 7 - 15 days for businesses to chase payments
every year - time they could spend growing their business.

"By increasing the opportunities for businesses to accept card
payments, their customers can quickly pay by card (or other digital
payment methods of their choice), which helps reduce the businesses'
admin burden and the time it takes to chase them up."

*Research: 'The Domino Effect: the impact of late payments'; Sage,
2017.

Notes to editors:

About Worldpay

Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments
technology company with unique capability to power global integrated
omni-commerce. With industry-leading scale and an unmatched
integrated technology platform, Worldpay offers clients a
comprehensive suite of products and services globally, delivered
through a single provider.

Worldpay processes over 40 billion transactions annually through
more than 300 payment types across 146 countries and 126 currencies.
The company's growth strategy includes expanding into high-growth
markets, verticals and customer segments, including global eCommerce,
Integrated Payments and B2B.

Worldpay, Inc. was formed in 2018 through the combination of the
No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc.
trades on the New York Stock Exchange as "WP" and the London Stock
Exchange as "WPY."

About Sage

Sage (FTSE: SGE) is the global market leader for technology that
helps businesses of all sizes manage everything from money to people
- whether they're a start-up, scale-up or enterprise. We do this
through Sage Business Cloud - the one and only business management
solution that customers will ever need, comprising Accounting,
Financials, Sage Intacct, Enterprise Management, People & Payroll and
Payments & Banking.

Our mission is to free business builders from the burden of admin,
so they can spend more time doing what they love - and we do that
every day for three million customers across 23 countries, through
our 13,000 colleagues and a network of accountants and partners. We
are committed to doing business the right way and giving back to our
communities through Sage Foundation.

ots Originaltext: WorldPay plc
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
Claire Hardy
Director of Corporate Affairs
Claire.Hardy@worldpay.com
+44-(0)-203-664-4822

Rebecca Mansfield
Golin
rmansfield@golin.com
+44-(0)-20-067-0855