E-commerce giant Amazon announces access to Worldpay

WorldPay has announced an agreement with Amazon to become the first recipient of a full payment service for its Amazon Pay e-commerce sellers, according to media reports.

Worldpay provides API for Amazon pay, which also means that merchants who use Worldpay services can make them available to their users directly using Amazon Watch as a means of payment.




WorldPay, founded in 1989, is the world’s leading payment and risk service provider and one of the few payment companies that can carry out global bill collection business.

It comes shortly after U.S. fintech services operator fidelity national information services paid $35bn in stock and cash for Worldpay.

Through the partnership with Amazon pay, merchants of WorldPay can accept payment in the United States through the API of WorldPay, and they can use it as the gateway provider and collection service provider. Consumers can also use Amazon Pay’s payment and shipping options at checkout.

The strategic partnership between Amazon and Worldpay could eventually allow Amazon to offer value-added services to Worldpay merchants, including free shipping for Prime members.

Access to Amazon Pay, which already offers direct selection of addresses and payment options to millions of consumers who buy on Amazon, has reduced cart abandonment rates by automatically populating fields to reduce checkout time.

According to the global payment report 2018 released by Worldpay, the payment method using electronic wallet accounts for about 36% in the world in 2018, and is expected to reach 47% by 2022.



While cash will continue to account for the largest share of point-of-sale payments globally in 2018, debit CARDS will gradually replace cash as the primary means of payment at point-of-sale, while electronic wallets are expected to account for 28% in 2022, second only to debit CARDS, while cash will decline to 17%.

According to eMarketer in the United States, the mobile payment market in the United States is expected to break through usd 49.29 billion this year and reach 63.5 million users, which will maintain an annual growth rate of 11.8% by 2020.

Analyzing past reports, it’s not hard to see that Amazon accounts for half of all e-commerce in the United States, but only about 5 percent of all retail spending. As a long-term business plan, Amazon has been trying to expand its business abroad for some time.

In fact, in addition to amazon, the huge payment market has also been targeted by a number of other cross-border e-commerce platforms, and has been developing its own payment business.