Leading financial technology company, WorldPay, has today announced the acquisition of the YESpay group of companies, a leading payments services provider.
Leveraging YESpay's technology, WorldPay will offer its UK clients a complete payment service, including merchant acquiring, card processing and payment terminals integrated with point of sale systems. The combined service will allow WorldPay and YESpay customers to fully exploit the evolving needs of omni-channel shoppers with a single payment service operating in-store, online and on mobile.
The acquisition, made for an undisclosed amount, is in response to growing demand from WorldPay's clients for truly integrated payment services - allowing the integration of their payment service with all of their sales channels - to support the evolving needs of the omni-channel shopper. It also enables YESpay to significantly increase the deployment of its solutions to WorldPay's customer base.
On completion, WorldPay will acquire YESpay's businesses and assets including payment platforms and technologies, its 150 employees, based in the UK, Canada and India and over 3,000 customer relationships.
Commenting on the deal, Chandra Patni, co-founder of YESpay, said: "The YESpay team look forward to significantly increasing the deployment of its multi-channel integrated payments services within WorldPay's unparalleled customer base."
Ron Kalifa, CEO, WorldPay said: "We continue to invest in growing and maintaining WorldPay's strong market positions as we strive towards our goal of becoming the world's leading independent payment processing company. The YESpay acquisition is an exciting strategic opportunity for WorldPay and one that enhances our ability to help our client base transform their in-store processes to meet the ever evolving needs of their customers."
As an existing customer of both businesses, James Cox, COO and Group Finance Director, Dune Group commented: "I'm delighted that YESpay is becoming part of the WorldPay family. The combination of WorldPay's scale and reliability with YESpay's reputation for innovation will help Dune Group adopt new payment technologies faster and with less risk."