Toronto-based Rakuten Kobo has selected Worldpay to manage its online payment processing and acquiring in Canada. Rakuten Kobo had been working with Worldpay in the US, Europe and Japan, and will now benefit from the eCommerce provider’s broad range of payment solutions and global expertise in its home country.
Worldpay’s network accepts payments from countries covering over 99% of the global GDP. The extension of
Worldpay’s relationship with Rakuten Kobo brings its extensive payments portfolio – including acquiring, gateway, alternative payment methods, fraud and risk management services – to one of Canada’s most innovative businesses.
The partnership is supported by Peoples Trust Company, Worldpay’s Canadian banking partner. Peoples Trust specializes in providing quality and innovative payment products and services to companies operating in Canada by partnering with accomplished payment solutions companies like Worldpay. By working with Peoples Trust to process payments domestically in Canada, Worldpay will help its clients remain fully compliant with regional regulations and Canadian credit and debit card codes.
Rakuten Kobo’s partnership with Worldpay means it will be able to enhance its eCommerce offering in their home market, by accepting local payments in Canadian dollars, alongside the other payment currencies they offer their customers – and deal with a single payments provider across the markets they operate in.