Enters Thai Market: Worldpay Broadens Its Global Presence
**Worldpay Enters Thailand, Boosting Local Payment Landscape**
Worldpay, a global leader in payments technology and solutions, has announced its entry into the Thai market, marking a significant milestone in its strategic expansion plans. This move comes as the payments landscape in Thailand is rapidly evolving, according to Gabriel de Montessus, President of Global Enterprise at Worldpay.
Worldpay's foray into Thailand introduces domestic settlements in local currency through its leading card acquiring services. This move is aimed at enabling merchants operating in Thailand to deliver the right shopper experience with the fastest and most secure payments possible.
The Thai e-commerce market is forecasted to continue growing through 2030, as per the Worldpay Global Payments Report. This growth presents a lucrative opportunity for both local and international businesses. To capitalise on this, Worldpay is providing Thai merchants with access to four leading alternative payment methods: LINE Pay, TrueMoney, PromptPay, and online banking.
Worldpay's strategic expansion in Thailand aligns with its global goal to expand domestic acquiring capabilities worldwide. The company's recent expansions include Colombia, Mexico, and the United Arab Emirates. In Thailand, there is a significant shift from cash use to digital wallets and account-to-account (A2A) payments, making Worldpay's entry particularly timely.
For global operators, Worldpay provides a single point of integration to do business in more than 170 countries. In addition to payment methods, Worldpay is offering Thai merchants value-added solutions such as powerful multi-layered fraud protection, dispute management services, and consultative expertise backed by the company's global data insights.
Worldpay's in-market experts help merchants optimise their offerings, navigate complexities, and ensure they accept the right mix of payment types, enabling them to unlock growth opportunities in Thailand's fast-growing e-commerce sector.
With this expansion, Worldpay strengthens its cross-border acquiring capabilities in Southeast Asia and enhances its presence in the Asia-Pacific region. The company's commitment to serving high-growth Asian markets is evident in its Thailand entry.
Worldpay's key payment solutions in Thailand focus on domestic acquiring capabilities. These include local currency settlements, access to popular alternative payment methods, a comprehensive suite of value-added services, and support for both local and international merchants to accept a broad mix of payment types tailored to the Thai market.
This strategic move by Worldpay is set to revolutionise the payments landscape in Thailand, offering merchants a more seamless and secure way to conduct transactions, and opening up new opportunities for growth in the fast-growing Thai e-commerce market.
[1] Worldpay Global Payments Report predicts the Thai e-commerce market to continue growing through 2030. [2] Worldpay's expansion in Thailand introduces domestic settlements in local currency. [3] Worldpay's Thailand entry follows its strategic goal of expanding domestic acquiring capabilities globally. [4] Worldpay provides Thai merchants with access to four leading alternative payment methods. [5] Worldpay supports domestic acquiring capabilities in nine markets in the Asia Pacific region, including Thailand.
- Visitors to ffnews.com can read about Worldpay's strategic expansion in the finance industry, with the global payments technology leader entering the Thai market to boost the local business sector.
- Following its global goal to expand domestic acquiring capabilities, Worldpay has entered the Thai market, offering merchants access to alternative payment methods like LINE Pay, TrueMoney, PromptPay, and online banking, and facilitating local currency settlements through its card acquiring services.
