Worldpay from FIS Expands Operations in Argentina with Domestic Acquiring Capability
- With new domestic card scheme acquiring licenses, Worldpay from FIS can deliver advanced payment technology solutions and capabilities to Argentine merchants and global companies operating in the country.
Worldpay will be the largest global acquirer with a
Visaand MasterCard domestic processing license in Argentina, helping merchants reduce bank delays and fees on cross-border transactions.
Worldpay processes billions of transactions annually across 146 countries and more than 300 payments types in 126 currencies and will be the largest global acquirer with a domestic processing capability in
The rapid expansion of digital technology and the globalization of online commerce—accelerated by the COVID-19 pandemic—has increased the need for merchants to be able to operate at worldwide scale. With the eCommerce market in
“It’s an exciting time to enter Argentina’s eCommerce market where mobile commerce growth is accelerating faster than almost anywhere in the world,” said Juan D’Antiochia, General Manager, LATAM, Worldpay from FIS. “Not only will local sellers benefit from our leading geographic footprint enabling them to sell internationally more easily than ever, the international market will now have a faster route to sell to Argentine consumers. With our smarter payments technology and single point of entry for global merchants to operate around the world, our new domestic acquiring capability in
Because of Worldpay’s expansive global footprint, the company’s domestic acquiring capability will give local merchants the ability to trade across borders through a single point of integration as well as a more seamless payments experience wherever they do business. Further, with this expansion, Worldpay is helping open the region to global players looking to enter the market.
FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our employees are behind our company’s mission to advance the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in
1 Worldpay from FIS 2020 Global Payments Report
Senior Vice President