FIS Launches New SaaS Solution, Worldpay for Platforms

US-based fintech FIS has augmented the way SMBs gain access to embedded payments and finance through software providers with the launch of Worldpay for Platforms.

This new Software-as-a-Service (SaaS) solution combines the power of the global merchant and banking capabilities of FIS with embedded payments technology built on the platform brought to the company across its Payrix acquisition. Through Worldpay for Platforms, software companies can now onboard merchants and get them set up quickly to have access to the payment capabilities of the payment processor in Worldpay from FIS.

Company officials stated that in today's digital-first, on-demand economy, software companies need to provide broader experiences to their users. These merchants rely on technology providers to power their mission-critical business management and commerce solutions.

Early adopters of embedded payments include ride sharing and delivery companies that allowed customers to easily pay for rides, and for drivers to have access to banking through a single app experience. They are powering similar experiences in a broader market, FIS' representatives added.

(Source: The Paypers)