WorldNet, the Dublin-based provider of multi-channel Payment Gateway solutions to international payment partners, today announced the signing of a license agreement with US-based payments provider Pago Technology LLC.
WorldNet will provide Pago Technology with a hosted white-label Payment Gateway solution, providing a full suite of eCommerce and mobile payment solutions for distribution under the Pago Technology brand in selected European markets.
WorldNet Chief Executive, Will Byrne commented, "We are delighted to announce our agreement with Pago Technology as it represents a very significant milestone in the expansion of our business to new international markets and jurisdictions beyond our existing Partner base."
"This alliance is another important step in our strategy of providing white-label Partners with own-brand, cost-effective and market-ready Payment Gateway solutions. We look forward to working with the Pago Technology team to deliver our innovative products and support services to their target customer base," said Byrne.
Pago Technology Chief Executive Officer, Enrique Perez said "Pago Technology has been looking to expand our successful US-based Payments business into Europe. By using the WorldNet Payment Gateway solution, we can compete at the highest level of eCommerce and mobile processing".
"The ability to offer our own-brand version of the product software supported by the talented professionals of both organizations brings the Pago Technology proposition to an exciting new level," said Perez.
John Clarke, Head of Product Innovation at WorldNet commented that "the WorldNet white-label Payment Gateway service dramatically reduces the time and cost for our partners to get to market with a fully branded offering."
"We provide acquirers, payment processors, specialist service providers, ISO's and banks with an immediate opportunity to deliver high quality online and mobile payment products using their own brand, without the need to deploy scarce capital and IT resources in the development of costly payments infrastructure. Our agreement with Pago Technology means they can offer our tailored payment solutions to theiir customers across multiple European markets, to a full range of target business sectors, with immediate effect", said Clarke.