WorldPay, the global leader in payment processing, risk and alternative payments and Telenor Business Internet Services AS, a fully owned subsidiary of the Telenor Group (Telenor), a global provider of tele, data and media communication services, have today announced an agreement which will see WorldPay handle payment transactions for Telenor Business Internet Service's Software-as-a-Service (SaaS) offering.
Telenor Business Internet Services AS was established in January 2013 in order to add a global cloud broker service proposition to the strong telecommunications heritage of Telenor. With the objective of expanding its SaaS solution to a greater number of global markets, both through the Telenor global footprint and Telenor's resellers in Norway, the RFP sought a payment service provider that could deliver secure global payment acceptance for business-to-business transactions.
Following engagement with a shortlist of providers, Telenor Business Internet Services AS selected WorldPay to provide its payment gateway, acquiring services, alternative payment acceptance, and risk management services. WorldPay will support Telenor Business Internet Services AS as the company increases its global SaaS footprint, first in Hungary with the launch of the Telenor cloud service solution which launched on the 29th of October 2013.
WorldPay was selected for the company's well-established global reach, both with the range of local payment types enabled and the ability to accept and settle transactions in multiple currencies. WorldPay provides over 200+ alternative payment types globally, is connected to more than 50 local currency clearing systems and has more than 400,000 merchants worldwide.
Shane Happach, Chief Commercial Officer, eCommerce division at WorldPay, comments: "The challenge for global merchants is to ensure that users are able to pay using their preferred method and currency, safely. Our vast international heritage means we're best-placed to be able to work alongside Telenor Business Internet Services to ensure this is the case for them. WorldPay is excited to be working alongside Telenor Business Internet Services, offering our full breadth of services to enable the company to expand its global reach and maximise transaction success."
Rada Drobnjak, Chief Financial Officer at Telenor Business Internet Services comments: "As a trustted payment service provider, WorldPay has been able to meet the specific requirements of our business on a global scale. With the range of payment types made available by WorldPay, our customers will also benefit from the partnership as WorldPay will enable Telenor Business Internet Services to grow our channels of revenue in line with our plans for international expansion."