SumUp Selects Worldpay to Drive Global Expansion and Growth

Financial technology leader FIS® (NYSE: FIS) has today announced that global fintech SumUp will use Worldpay's merchant solutions portfolio, as the Europe-based fintech leader continues its global expansion.

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London-based SumUp supports over 3.5 million merchants in over 30 markets. The fintech offers tailor-made digital business solutions to small businesses and entrepreneurs, allowing them to run their business as well as pay simply, easily and securely with a range of card readers and multiple remote payment solutions such as invoices, gift cards and payment links.

The financial technology company will utilize Worldpay from FIS's global scale and advanced acquiring services, which includes authorization, clearing and settlement, dispute management and data insights. The partnership will help SumUp expand into new markets, while enabling seamless payments experiences.

"At SumUp our vision is a world where the smallest and most unique businesses can be successful in doing what they love. We are focused on providing innovative solutions which enhance the payment experience, and that is why we've chosen to align our business with Worldpay solutions," said Steve Delpy, Global Head of Acquiring, Payment Network and Expansion at SumUp. "Worldpay's global footprint and deep expertise in the sector will allow us to continue to provide our valued customers with a secure and convenient payment experience".

FIS processes over $2 trillion in transactions annually across more than 100 countries in numerous payments types and currencies.