WIX PARTNERS WITH WORLDPAY TO PROVIDE PAYMENT SERVICES TO SUPPORT GLOBAL EXPANSION - Finance news and analysis from Global Banking & Finance Review
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WIX PARTNERS WITH WORLDPAY TO PROVIDE PAYMENT SERVICES TO SUPPORT GLOBAL EXPANSION

Published by Gbaf News

Posted on May 29, 2014

2 min read

· Last updated: March 1, 2019

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Wix Selects Worldpay for Payment Processing

Continuing its success with international growth, Wix.com (Nasdaq: WIX), a leading web development platform, will work with Worldpay, a global leader in payment processing, risk management and alternative payments, to provide a payment solution to meet the demands of its rapidly expanding international user base.

Empowering Millions with Wix Cloud

Wix enables its 48 million registered users to create a professional online presence themselves and manage additional aspects of their business, beyond website creation, all from the Wix Cloud. Wix users can maintain a free website and upgrade to a paid premium subscription in order to benefit from additional features and capabilities.

Worldpay Offers Global Payment Solutions

Worldpay will provide Wix with a global payment portfolio to match the company’s growing needs as it continues to gain more users and expand into additional markets. Supporting more than 120 currencies, Worldpay’s scalable products will be used by Wix to support its acquiring, payment gateways and treasury needs.

Karl MacGregor

Karl MacGregor

Worldpay VP Highlights Partnership Benefits

Karl MacGregor, VP Digital at Worldpay, says: “As Wix continues to grow, its payment requirements will also evolve. We’re delighted this exciting tech company has chosen Worldpay to provide payment services for its new enterprise-level demands. Our expertise in corporate solutions means we can offer Wix a bespoke, scalable solution to ensure its payment technology is able to keep up with its continued success.”

Wix CFO Discusses Expansion and Payments

 Lior Shemesh, Chief Financial Officer of Wix, says: “Wix is in a constant state of expansion, adding over a million registered users each month, and needed to add a heavyweight payment processing solution to meet the needs of our users in existing and new markets. We chose to partner with Worldpay as they offer robust, flexible and highly secure solutions that are perfect for our immediate and future requirements.”

Key Takeaways

  • Wix partners with Worldpay to address rising international payment demands.
  • Worldpay will support over 120 currencies and deliver scalable acquiring, gateway, and treasury services.
  • The collaboration aims to enable Wix’s rapid user growth and expansion into new markets.
  • Wix gains a robust, enterprise-level payment processing solution to support over 48 million registered users.

References

Frequently Asked Questions

Why did Wix partner with Worldpay?
To meet its evolving payment requirements and support rapid international expansion with a scalable enterprise-level solution.
What services will Worldpay provide to Wix?
Worldpay will offer a global payment portfolio including acquiring, payment gateways and treasury services supporting over 120 currencies.
How many currencies will the new solution support?
The solution will support more than 120 currencies.
Who commented on this partnership?
Karl MacGregor (VP Digital at Worldpay) and Lior Shemesh (CFO of Wix) provided favorable statements about the collaboration.

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