Business
Woolworths takes on banks with payments platform Wpay – The Australian Financial Review
Fourteen years after establishing its own payment processing system, Woolworths has launched Wpay, a stand-alone payments business open to third parties.
Woolworths is the fifth largest processor of card payments in Australia after the big four banks, settling more than $50 billion of payments and more than 1.3 billion transactions a year.
As Australia and New Zealands largest retailer, weve been investing in leading-edge payment capabilities to service our retail businesses for many years, said Mr Banducci.
We believe there is value in extending the benefits of the investments weve made in our payments platform to other merchants who may not have…
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