Posted July 28, 2021
Leading technology solutions provider FIS announced yesterday that its payment processing company, Worldpay, which it acquired in 2019, had been chosen by OKCoin to provide services as the cryptocurrency exchange expands globally.
Worldpay will provide OKCoin with global merchant acquiring and foreign exchange services to make it easier for customers to buy crypto with credit and debit cards. This will result in high authorisation rates for the exchange, as well as better reporting, fraud monitoring, and analytics.
General Manager for North America at Worldpay Merchant Solutions at FIS, Jason Pavona, explained, “Worldpay has extensive experience guiding cryptocurrency exchanges through the complexities of the global payment ecosystem. For the past eight years, we have worked with some of the world’s biggest crypto exchanges, building solutions to open up card payments and payouts to consumers using crypto exchanges. Interest in crypto currencies has never been greater and making exchanges more accessible to consumers by enabling global card-to-crypto payments is now more important than ever.”
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