2 September 2016
Worldpay, Post-RBS, Courts Australia in Fast-Growing Payments Space
By Benjamin Meggeson and Pádraig Belton
Vasily Bernstein,Payments Systems Expert at DataArt, isquoted in S&P Global news report which covers Wordpay’s move off the RBS (Royal Bank of Scotland) systems and its subsequent growth strategy. Bernstein states that acquiring a local payment processer will help Worldpay succeed in Australia as it will free the company from the need to build its own regulatory compliance processes framework.
“‘Worldpay should be successful with its entry into the Australian market,’ Vasily Bernstein, a payments expert at technology consultancy DataArt, said in an interview. He said the company should look to acquire a local payments processer there.‘This will allow the firm to circumvent the need to develop processes that meet existing regulations, as the acquired firm will have already met those standards,’ he said.”