US payments provider targeting Australia


online, e-commerce, credit cardInternational online payment provider, GlobalCollect, is expanding into Australia, pitting itself against the likes of PayPal.

Mathew Rainbow has joined the company as Australian country manager, following experience at TNS, Visa International, and Mint Mobile.

Global Connect was founded by TNT in 1994. Its main role is enabling international payments to be made in local currencies.

The company processes $14 billion in international e-commerce payments yearly for 500 global e-commerce brands across digital, travel, retail, and gaming.

Its partners include digital commerce companies, Magento and Demandware, the latter which implements e-commerce for Adidas, Fila, Marcs & Spencer, Nine West, and Puma.

“GlobalCollect’s flexibility to work with a wide range of currencies and payment methods makes it easy for retailers,” says Roy Rubin, CEO of Magento’s Varien, in a client statement.

Mark Patrick, GM of Asia Pacific, says GlobalConnect was seeing “an increased demand for [its] services” due to the Australian online boom.

“We know that the most appropriate way to deliver the value of our experience and knowledge to each specific market is to fully immerse ourselves in that market.”

GlobalConnect is also targeting the Japanese e-commerce market, which is expected to grow from $128 billion in 2012 to $182 by 2016.

According to the company, the Australian m-commerce market has grown from $155 million in 2010 to $5.6 billion in 2012 , with increasing smartphone use pushing that number higher.

In 2012, e-commerce constituted 6.3 per cent of total retail sales in Australia, up from 5.5 per cent in 2011.

Earlier this year, the company expanded into mainland China, where it operates alongside global payments company, PayPal.

For Chinese consumers, GlobalCollect offers the ability to purchase products from foreign companies using local payment methods like Alipay, 99Bill, and China UnionPay.


You have 7 articles remaining. Unlock 15 free articles a month, it’s free.