Customers of Ireland-based bank PTSB can now access additional services from global paytech firm Worldpay, including e-commerce and ePOS, as the two entities have now extended their existing partnership.
PTSB will also gain access to Worldpay DCC, a Dynamic Currency Conversion solution that provides cardholders the choice to pay in their preferred currency. Worldpay’s e-commerce platform enables businesses to trade online globally while Worldpay ePOS is a new, fully inclusive POS and integrated payment solution.
“To achieve our ambition of becoming Ireland’s best personal and business bank through exceptional customer experiences, it is vital for PTSB to offer a best-in-class merchant services solution to both existing and new customers,” explained Jeff Harbourne, head of personal banking at PTSB. “By partnering with Worldpay, we’re offering a competitive advanced payments solution to our existing and new customers that enables them to grow their businesses and accept payments across all channels.”
Ireland’s e-commerce market is expected to grow at a nine per cent CAGR through 2027 to be worth $18billion, according to the 2024 Global Payments Report by Worldpay. The use of digital wallets is also set to increase, growing from 30 per cent to 43 per cent of online spend and 14 per cent to 29 per cent at point of sale over the same period.
“We are delighted to have the opportunity to continue working with PTSB to support the growth of their commercial banking solutions,” added Garrett Clifford, general manager for Ireland at Worldpay. “At Worldpay, we are focused on making it easy for businesses to manage their payments in-store, online and over the phone. Jointly with PTSB, we will work together to bring the best payment solutions to their customers in a seamless and simple manner.”
To help Irish businesses meet the growing need for advanced payment solutions, PTSB will utilise Worldpay to expand its merchant services offering.
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