Worldpay finally launches in Australia after two-year wait
After a two year wait to obtain a local license, Worldpay, the UK’s largest payments processor, has launched operations in Australia in an effort to further enhance its global presence.
The company has now obtained a license to process payments in Australia with big name giants like Asos, Expedia, Cathay Pacific Airways and Digital World International already signing up for the service.
Worldpay, a payment processing service, enables businesses to accept a variety of payment types across multiple channels throughout the world.
Shane Happach, Managing Director, Global eCommerce at Worldpay said, “We have quickly found merchants trading in Australia are hungry for a payment solution that can help them drive up conversion rates and drive down the costs of running an online business across multiple markets.
“These attributes, together with the data insight and range of alternative payment methods we can offer merchants trading in Australia, gives us a clear edge in the market which we hope to capitalise on fully in the years to come,” Happach added.
Australia is one of Asia-Pacific’s largest e-commerce markets, with $42 billion of its 2015 GDP being credited to online transactions. It also leads the world in terms of eWallet adoption with a 21 per cent user rate.
Uniti Wireless gets multi-million dollar backing
South Australian wireless Internet company Uniti Wireless, has secured a multi-million dollar financial backing from two Australian telecommunications entrepreneurs.
Uniti which offers fast fixed broadband connections aim to provide individuals with an alternative to the Australian government’s National Broadband Network (NBN). UNITI co-founder and co-CEO Che Metcalfe said, “The NBN roll-out is very slow; we’re very nimble and quicker getting to market.”
Capital from the fund aid in expansion works throughout Australia and in Uniti going head to head against competitor NBN.
“The NBN business model was broken from the beginning. We own our network from end to end and can control the quality of it. We don’t have to worry about another wholesaler in the middle between us and the customer,” he continued.
The company is also planning a rapid five year expansion plan with a goal to service 100,000 people by 2021 and to create 150 new jobs.
US rival buys Melbourne startup Skatespots.com.au
Skatespots.com.au, a Melbourne startup that offers the best local places to skate for users, has been acquired by similarly named US-based competitor Skatespots.
The Melbourne startup provided a user-generated social app and website which allowed skaters to find the best locations for their sport via recommendations and listing of their favourite locations. Financial details of the deal were not available.