Worldpay, a leader in global payments and COMO Global S.A, an intelligent payments solution provider, have announced a new strategic partnership.
Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers globally, enabling their businesses to grow and prosper, whilst COMO’s intelligent payment solution assists with their goal to help merchants manage the increasing challenges of the payments landscape.
This strategic partnership further strengthens Worldpay’s proposition to provide their customers with automated reconciliation, invoicing and payment fulfilment. COMO also enables automated dynamic payment routing and payment splitting, useful for the pay-out of supply chain and cross-channel transactions. For merchants, this makes payments and managing cash flow simpler, cheaper and more convenient. It is particularly valuable for travel merchants such as travel management companies and travel marketplaces where transactions involve many suppliers and providers.
COMO will benefit from Worldpay’s scale, technology and experience and Worldpay will also support COMO’s system with further advanced decision-making. “We’re delighted to be working with Worldpay” said Vaughan Owen, CEO at COMO. “We believe that technology should simplify payments and we exist to remove the complexity being experienced by today’s digital merchants. We need the best partners to do this. We’re looking forward to a mutually reinforcing partnership with Worldpay where we can provide merchants with a simpler, faster, and more cost-effective payment process.
“By integrating COMO into Worldpay, we will be able to increase our marketplace offering and add more value to our clients,” said Thomas Helldorff, Vice President of Vertical Growth for Airlines & Travel at Worldpay. “Across the board but especially in the travel industry, our merchant clients are being challenged by the complexity of today’s payments world. COMO helps us simplify the process so our customers can focus on what they do best without being distracted by the management of payments.”