11th Feb 2016 06:55
LONDON (Alliance News) - Worldpay Group PLC is launching into Canada through a partnership with the Peoples Trust Co, The Financial Times reported on Thursday.
The London-listed payments processor's move gives it a domestic licence for its customers to accept card payments in Canada.
Previously, Worldpay would have had to opt for cross-border transactions - a more expensive option - to accept payments in Canada, the report said.
The partnership enabled Worldpay to form a deal to manage Canadian ebook seller Rakuten Kobo's online payment processing.
http://www.ft.com/cms/s/0/3befbf0c-d010-11e5-831d-09f7778e7377.html
By Samuel Agini; [email protected]; @samuelagini
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