Worldpay Partners with Yabie to Empower UK SMBs with Innovative POS Solutions
Worldpay, a prominent global payment technology provider, has forged a strategic alliance with Yabie, a Swedish point-of-sale (POS) technology firm. This collaboration is set to enhance the capabilities of small and medium-sized businesses (SMBs) in the UK, offering them improved business management and payment solutions.
Overview of the Partnership
The partnership focuses on Worldpay’s innovative solution, Worldpay 360, which is crafted to deliver user-friendly business tools to independent merchants. By integrating Yabie’s advanced software into the Worldpay 360 platform, both companies aim to enhance customer experiences and operational efficiency for UK SMBs across various sectors, including retail, hospitality, and services.
Benefits of Worldpay 360
- Streamlined Payment Processing: Worldpay offers comprehensive tools for managing transactions.
- Enhanced Customer Engagement: Tools that improve interaction with customers.
- Performance Insights: Analytical tools for better business performance.
With a vast experience in payment processing, Worldpay caters to merchants worldwide, delivering secure and innovative solutions. Yabie, based in Sweden, specializes in developing POS software tailored for various businesses, from local shops to major retailers, particularly in the Nordic region.
Yabie’s Entry into the UK Market
This partnership marks Yabie’s official entrance into the UK market, strategically positioning the company for further expansion across Europe. UK businesses will gain access to Yabie’s user-friendly POS technology, which is complemented by Worldpay’s robust hardware and payments infrastructure.
Flexible Packages for Businesses
The integrated solution is available in three customizable packages:
- Lite: Basic features for smaller businesses.
- Standard: A balanced package for growing SMBs.
- Pro: Comprehensive tools for larger operations.
This collaborative offering addresses a significant gap in digital tools available to SMBs, especially in comparison to the advanced digital experiences provided by larger retailers. PYMNTS Intelligence reports that SMBs are 45% less likely to offer seamless cross-channel shopping experiences than larger merchants.
The Growing Importance of Digital Solutions
Research from PYMNTS indicates that on average, SMBs provide eight fewer digital features than their larger counterparts, despite increasing consumer expectations for consistent shopping experiences across all channels. Notably, mobile usage is on the rise, with nearly one-third of consumers browsing on their phones daily, and over 23% utilizing mobile devices to aid in-store shopping. These trends highlight the urgent need for mobile-compatible POS solutions that foster omnichannel engagement.
Quotes from Leadership
Worldpay and Yabie expressed their commitment to enhancing the SMB landscape in the UK. “The collaboration will deliver streamlined, user-friendly solutions to independent businesses seeking a payment system that enhances customer experiences and empowers their operations,” they stated.
Yabie CEO, Siri Hyltén-Cavallius, added, “The UK market provides an ideal launchpad for our European growth strategy. Through this partnership with Worldpay, we are introducing our user-friendly POS technology to the UK, enabling SMBs to thrive with powerful new tools.”
For more information about SMB solutions, visit Worldpay and Yabie.
