Leading Provider Worldpay Releases First Quarter Results

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Thanks to new partnerships and explosive growth, Worldpay has earned a top spot in the payments industry. A leading payments technology company, Worldpay Inc. has the unique capability to power global omni-commerce. A recent press release has revealed just how strong the company’s performance really is.

Worldpay boasts an integrated technology platform that offers a comprehensive suite of products and services – all delivered globally through a single provider. Worldpay processes over 40 billion transactions annually, and supports more than 300 payment types across 146 countries and 126 currencies. Currently, the company’s main focus is to expand into high-growth markets and customer segments, including global eCommerce, integrated payments and B2B.

“We delivered exceptional results, reflecting consistent business fundamentals and strong new sales performance,” said Charles Drucker, chairman and chief executive officer of Worldpay. “We signed 16 additional cross-sell wins, keeping us on track to achieve $100 million in revenue synergies, and we won several strategic new clients.”

The beginning of May, Worldpay announced its financial results for the first quarter, ended March 31, 2019. Revenue had increased 14 percent in the first quarter to $970.0 million, compared to $850.7 million in the prior year period. In addition, on an underlying basis, total company and total merchant revenue increased by 9 percent and 10 percent, respectively (excluding cryptocurrency revenue grow-over).

Earlier in March, Worldpay and Fidelity National Information Services, Inc. announced that their board of directors unanimously approved a definitive merger agreement that would combine Worldpay with FIS. This proposed merger is expected to close in the third quarter of 2019.

Are Worldpay’s Services Right for Your Business?

Worldpay’s success and services have grabbed many merchant’s attention. With the growing need to satisfy customers’ ever-changing expectations and stay on top of security, it is important to choose the right provider for your business type and industry. It can be hard to choose a provider with such a long list of processors to choose from.

Best Payment Providers offers merchants the information they need to choose the right provider and payment processing services for their business’ unique needs. Browse a long list of reviews – like Worldpay reviews – latest updates and other key information.

Author Bio: Payment industry expert Taylor Cole is a passionate merchant account expert who understands the complicated world of accepting credit and debit cards at your business. His understanding of the industry and Worldpay reviews has helped thousands of business owners save money and time.