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Published on : Monday, August 21, 2017
Online payment processing company, Worldpay is now the strongest and greatest competitor in the world of travel and tourism, after it was taken over by Vantiv, a US counterpart in a $10.4 billion deal.
Worldpay now claims to be a market leader of the online payment providers. And for the tourists, it is will easy for the payment process.
Worldpay works with more than 80 airlines worldwide, which includes the British Airways, Emirates, HK Express, Holiday Extras, Caribbean Airlines, Beijing Capital Airlines, Vanilla Air, and BMI Regional. It also has relationships with some online travel agents, such as Fareportal and other travel service providers.
Online payment company, Worldpay did not have much customer overlap with Vantiv. It is claimed that Worldpay is the largest acquirer of card transactions generated at merchants outside of the U.S., but it only had 15 percent of its overall revenue coming from within the U.S. Vantiv, meanwhile, claims to be the largest acquirer of merchants’ card transactions in the United States.
The combined operation with Vantiv could be competitive across verticals in sectors such as retail with global banks like JPMorgan Chase and Bank of America and the travel and tourism sector.
Worldpay focuses on five important sectors like travel, airlines, retail, digital (e-commerce shops), and the gaming industry.
For a travel company, Worldpay is one of the popular gaetway for the payment because it doesn’t have any strict investigating process while processing the payment request.