WorldPay, one of the world's leading payment service providers for both online and Point of Sale transactions, has partnered with CellPoint Mobile, a leading provider of mobile infrastructure, retail and payment solutions, to offer retailers mobile payment services for remote transactions.
The joint solution gives merchants across the globe instant capabilities to offer consumers mobile payment options using Worldpay's extensive payment processing capabilities. The new payment solution provides a secure, PCI DSS compliant, web-based program that enables 1-click remote mobile payments.
Figures show that retailers have already begun to adjust to the emergence of mobile shopping. According to a recent report by Juniper Research, the mobile retail market is predicted to see an annual growth of 24% over the next four years, reaching $12 billion in 2014, further fuelled by an industry shift in the production and shipping of smartphones over traditional cellular phones.
CellPoint Mobile selected WorldPay based on the strength of its global payment capabilities, its ability to deal with multiple currencies as well as cross-border transactions, and for its extensive experience in all aspects of retail payments.
"By working directly with WorldPay, we are able to offer a solid mobile payment solution which is simple to implement, using a payment method that consumers are used to and trust. Through our partnership we can pass the valuable benefits of a secure yet innovative trading platform on to the retailers we work with," said Kristian Gjerding, Chief Executive of CellPoint Mobile.
Gabriel Hopkins, Head of eCommerce Products at WorldPay, comments: "WorldPay is excited to partner with CellPoint Mobile in offering secure mobile payment capabilities to merchants. We are committed to providing innovative and effective solutions to the industry, and mobile payments is a key area of focus for WorldPay. This latest partnership and offering strengthens our position as one of the world's leading payment service providers."