Join our community of smart investors

Worldpay's global clients support growth

But the payment-processing titan's strategy to build US market share failed to energise demand
March 8, 2017

The huge number of transactions conducted online represents an obvious boon for digital payment companies. Worldpay (WPG), London's biggest flotation of 2015, responded to this favourable backdrop and rising competition last year by deepening its relationships with customers, gaining licences in new countries and developing innovative products - including analytics tool Your Marketplace in the UK.

IC TIP: Hold at 280p

Solid progress in executing its strategy resulted in a 14 per cent increase in total billing transaction numbers, to 15bn, despite a technical outage delaying millions of payments last summer. The key driver of this impressive performance, which brought the total value of transactions up 12 per cent to £451bn, was the group's e-commerce division, Global eCom, which serves multinationals across 146 countries and 126 currencies. Transactions there surged 30 per cent to 5bn, thanks partly to the boost from non-sterling trading following the Brexit vote.

To continue reading...
REGISTER FOR FREE TODAY
  • Read 3 articles for free each month
  • Educational articles and topical investment guides
  • In-depth podcast episodes by our writers and industry professionals
  • Interactive live webinars on investment themes that matter
Have an account? Sign in