Payment services provider Worldline is strengthening its presence in the fast-growing Asian e-commerce market and announcing a new strategic partnership with Opn, a leading payments company from Southeast Asia.
The two companies will launch a joint solution to help international online businesses enter Thailand’s fast-growing e-commerce market.
The partnership will leverage Worldline’s expertise in global payments and Opn’s local market knowledge to enable e-commerce businesses to maximize this rapidly growing e-commerce market opportunity.
The joint solution will help businesses reach local consumers with improved approval rates, reduced costs for cross-border payments through local acquisitions and flexible remittance, either in local Thai baht or cross-border in more than 20 international currencies. Worldline and Opn will provide access to popular local and international cards and Bank of Thailand’s PromptPay, a leading alternative payment method. The solution will minimize time to market while ensuring the highest level of payment security and compliance as all card transactions meet PCI DSS and 3-D Secure standards.
Guillaume Tournand, Head of Development at Worldline Merchant Services, commented:
“We are excited about this strategic partnership with Opn. Our joint solution removes friction from cross-border payments, offering increased approval rates, lower costs and faster time to market. We are excited to enable companies to fully exploit the potential of Thailand’s e-commerce growth.”
Ezra Don Harinsut, co-founder and president of Opn, added:
“We are very pleased to partner with such a recognized payment solutions provider like Worldline and help e-commerce businesses achieve their strategic goals in the exciting Thai market. Our joint e-commerce proposition enables us to offer our customers a seamless solution and ensure their maximum satisfaction.”
The solution is expected to launch at the end of the second quarter of 2024 and is currently being piloted with two luxury hospitality customers.
Worldline’s online payment solutions provide global e-commerce businesses with easy access to more than 150 online payment methods and offer a range of currency options with local access to many high-growth global markets such as Turkey, South Korea and Brazil. These markets present significant potential growth for international businesses.