Worldpay Continues Expansion into Latin America with Domestic Acquiring in Colombia
'Our vision to unleash the potential of every business means breaking down barriers for global merchants while enabling access to the rest of the world for local players, which is why extending our presence in countries like Colombia is a key focus for us,' said Gabriel de Montessus, group president of global enterprise at Worldpay. 'Colombia has one of the fastest growing e-commerce markets in Latin America. It presents significant opportunities for local businesses to expand, as well as for international brands to serve Colombian consumers.
Worldpay is bringing key solutions to Colombia including its advanced e-commerce payments technology, multi-layered fraud protection, 3D secure and secure customer authentication, authorization, clearing and settlement, dispute management and data insights. The company's presence in the market will benefit Colombian-based merchants looking to operate internationally with access to Worldpay's extensive global payment network.
Montessus continued, 'Our ambition is to be the payments partner these businesses need in order to power their growth, supporting them by coupling our global reach and revenue-enhancing solutions with the industry leading global and local expertise, tailored to our merchants' needs.'
In addition to bringing global payments expertise to the country, Worldpay has a local team in Colombia to support regional businesses as well as global businesses with presence in Colombia. Local Worldpay payments experts will help businesses develop tailored payments strategies informed by data insights and regional understanding of payments preferences, opening access to Colombia's e-commerce and digital wallet growth.
Worldpay's expansion into Colombia follows its recent expansion in the Mexico and is part of the company's strategic plan to enhance the global reach of its domestic merchant acquiring presence and capabilities. As a leading payments services provider, Worldpay now powers payments and local processing in 69 markets globally with domestic acquiring capabilities, giving in-country and international businesses a host of advanced technology to deliver experiences consumers expect at checkout.
Companies In This Post
Worldpay
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
12 hours ago
- Reuters
Exclusive: India snaps up steeply discounted palm oil from Colombia, Guatemala
MUMBAI, Aug 21 (Reuters) - Indian importers for the first time bought palm oil from Colombia and Guatemala as producers sitting on surplus stocks offered cargoes at steep discounts, four trade sources with direct knowledge of the matter said. Indonesia and Malaysia dominate global palm oil supplies and are the main suppliers to India, which imported 9 million tons of palm oil in 2023/24. Colombia and Guatemala, the fourth- and sixth-largest producers of palm oil, usually export their surplus stocks to Europe and North America. Rising production in the two Latin American countries and their ability to divert their supplies could weigh on benchmark Malaysian palm oil futures , industry officials said. Colombian and Guatemalan cargoes were offered at steep discounts on a free-on-board (FOB) basis to ensure their landed cost at Indian ports remained lower than supplies from Malaysia and Indonesia, said a Mumbai-based dealer at a global trading house, who declined to be named in line with company policy. Indian buyers prefer quick shipments, and the shipping time from South America is about 45 days, but the discounts were enough to lure them, the dealer said. The landed cost of South American palm oil at Indian ports was more than $10 per ton lower than supplies from Indonesia and Malaysia, another Mumbai-based dealer said. Crude palm oil (CPO) is currently being offered at about $1,165 a ton, including cost, insurance and freight (CIF), in India for October delivery. Freight to ship palm oil from the Americas is about $90 per ton, compared with $45 from Southeast Asia, said Sandeep Bajoria, chief executive of Sunvin Group, a Mumbai-based brokerage. Vessels will be loaded at South American ports in September to arrive at India's Kandla port in October, said a New Delhi-based dealer. Latin America exports half of its 5 million tons of palm oil, and India's first purchases from the region could open the door to more supplies, said Aashish Acharya, vice president at Patanjali Foods Ltd ( opens new tab, a leading importer of edible oils. Palm oil demand has been rising and will remain robust in the coming months due to the festival season in India, Acharya said. Festival season starts in September and sees increased demand for edible oils to produce sweets and fried foods. Demand usually dips again during winter months.
The Independent
a day ago
- The Independent
How to make climate-friendly and sustainable choices when shopping online
One way to be climate-friendly: Shop sustainably. But figuring out which products count as 'sustainable' can be hard, especially when buying online. As ordering with a computer or phone becomes more ubiquitous, the number of online products labeled sustainable is also increasing. Yet there is no single seal of approval across e-commerce platforms that verifies whether something is climate-friendly, partly because there are multiple ways to define sustainability. Third-party nonprofit organizations study manufacturers and sellers' practices and offer certifications that are displayed online. Government programs such as the Agriculture Department's organic certification or Environmental Protection Agency 's Energy Star efficiency standard are also often listed. Large e-commerce websites may highlight the certifications with special icons, hyperlinks to certification programs or written descriptions. The mixture can invite homework from buyers. Elwyn Grainger-Jones, who leads a nonprofit that certifies product sustainability, said there also isn't a single clearinghouse that tracks which third-party certifications are the most credible. 'Therein lies an issue and a challenge,' said Grainger-Jones, CEO of Cradle to Cradle Products Innovation Institute. 'What we haven't seen so far is a third-third party step in and be the information portal on what a good certification is." And while shopping online might come with more packaging, it doesn't always come with more emissions. A person shopping online may even emit less than if they went to the store in person, according to a study published in Environmental Science and Technology. But there are a lot of variables, including which e-commerce site they use, the shipping speed they select and how close they live to a brick-and-mortar alternative. There might not be one surefire way to tell sustainable products from unsustainable ones, but certification experts shared tips on what to look for. Many apply to in-person purchases, too, so you can keep them in mind for the supermarket or furniture store. Know how sustainability is measured There are multiple measures of sustainability, and sometimes positive attributes can be offset by negative ones. Third-party certification is meant to show that an independent group studied these factors. Some focus on one issue, while others look holistically at how different factors fit together. Manufacturing an item might have low emissions but use lots of water. A company might reduce plastic, but if its products don't last long, they can still wind up in the landfill. Other sustainability concerns include energy efficiency, how far the item has traveled and how resources were extracted to make it. Certification labeling also varies. Sometimes it's printed on the product, sometimes it's listed on the manufacturer's website and sometimes the certifying body lists the products that have earned its approval. Large retail websites, in turn, often list certifications in a product description. Check whether it's verified by a third party Third-party verification is a core avenue for determining whether a manufacturer's sustainability claims are legitimate. 'Ideally you want to look for some certifying bodies because they've removed some of that up-front labor that as a consumer you otherwise might have to do," said Clementina Consens of B-Lab, which certifies companies that meet environmental and social standards. Grainger-Jones said some companies create their own self-certifications that look convincing but don't mean much. 'You can go and buy a self-declared certificate for a couple of thousand dollars,' he said. Look for quantifiable and transparent climate goals If a company is serious about sustainability, it should have its practices assessed and make that information easy for customers to find, Consens said. She said she looks to see whether a company has completed an environmental impact assessment, whether it publicizes its findings or whether there is any tangible data on the company's greenhouse gas emissions, water or energy use. Large e-commerce websites such as Amazon, Walmart and Target have set emissions benchmarks and other climate-related targets for their suppliers and list their own companywide sustainability goals. Walmart, for example, has released extensive information on its Project Gigaton, including a list of participating suppliers, definitions of its recognition tiers and science-based requirements for suppliers' goals. Target publishes its climate goals, and has provided updates on where the company has surpassed expectations, and where it has fallen short. It also displays icons and hyperlinks next to products that meet sustainability goals. Amazon's Climate Pledge Friendly program vets products based on a set of verified third-party certifications and posts a green leaf label alongside products that meet the certifications, along with hyperlinks. 'Having those third-party standards is super important for credibility,' said Nneka Leiba, Amazon's principal sustainability specialist. Certifications that aren't quantifiable or are too permissive don't meet Leiba's bar for inclusion in the program. She said when evaluating a certification, she looks to see whether it's following International Organization for Standardization (ISO) standards, or other relevant standards. She said certifications should be backed by scientific rigor and require companies or products meet specific benchmarks. Leiba said manufacturers' efforts to become certified can be good for their business. She said products in the Climate Pledge Friendly program experience a 12% sales increase in the first year after earning the green leaf badge. 'That cycle is really beneficial to our customer, and beneficial to the environment,' she said. ___ The Associated Press' climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP's standards for working with philanthropies, a list of supporters and funded coverage areas at
Reuters
a day ago
- Reuters
Hertz, Amazon Autos partner to sell used vehicles online
Aug 20 (Reuters) - Car rental company Hertz Global Holdings (HTZ.O), opens new tab said on Wednesday its car sales unit was partnering with Amazon's (AMZN.O), opens new tab automotive retail platform, Amazon Autos, to sell pre-owned vehicles online.
