FIS Unveils Worldpay for Platforms Enabling Embedded Payments for SaaS Providers
On September 13, 2022, FIS unveiled Worldpay for Platforms, a new SaaS solution designed to help software providers embed merchant services, banking capabilities, and payment processing into their platforms for small and medium-sized businesses. The product was built leveraging technology from FIS's acquisition of Payrix, a payments facilitation platform. Worldpay for Platforms enables software providers to offer their SMB customers integrated commerce experiences including payment acceptance, banking services, and financial management tools without requiring them to leave the software environment.
The solution targets vertical SaaS companies that serve specific industries and want to add financial services as a value-added capability. By combining Worldpay's global payment processing scale with Payrix's embedded payments infrastructure, FIS aims to capture the growing embedded finance opportunity in the SMB software market. The announcement positions FIS as a direct competitor to other embedded payments providers targeting the platform economy.
- FIS leverages the Payrix acquisition to compete directly with Stripe, Adyen, and other embedded payments providers targeting SaaS platforms
- Signals increasing consolidation as large payment processors build end-to-end embedded finance stacks for the platform economy