East West Bank, a financial institution with over $78 billion in total assets focused on bridging US and Asian markets, has partnered with Worldpay to provide its business and commercial clients with a suite of payment solutions including point-of-sale (POS), smart terminals, omnichannel, e-commerce, and loyalty services.
East West Bank, headquartered in Pasadena, California, is the largest independent bank in Southern California. The Nasdaq-listed institution, founded in 1973, specializes in serving customers with both domestic US operations and international expansion needs, particularly those establishing or growing operations in Asian markets. Its business and commercial banking services encompass checking and savings accounts, commercial lending, SBA loans, real estate financing, treasury management, international trade finance, and digital banking platforms.
The new long-term agreement aims to enable commerce for East West Bank’s clients across in-store, online, and other channels. Beyond these core payment offerings, East West Bank will also refer customers to Worldpay for various value-added services designed to streamline operations and improve cash flow.
This partnership aligns with East West Bank’s international strategy, which includes a Banking-as-a-Service collaboration with Los Angeles-based fintech BayaniPay. Through this existing partnership, East West Bank provides digital checking accounts to BayaniPay customers, facilitating remittances between California and the Philippines.
The collaboration with East West Bank occurs as Worldpay itself is undergoing an acquisition. Global Payments announced in April its agreement with GTCR and FIS to acquire Worldpay for $24.25 billion, a transaction anticipated to close in the first half of the coming year.
