WorldPay opens innovation centre at Georgia Tech

International payments company WorldPay is to contribute $1m to a new development programme that aims to launch the next generation of payment technology companies.

The programme will be run by business tech incubator ATDC, which is based at Georgia Tech University and will focus on fintech development.

Based in a 17 story office block in midtown Atlanta, the move is expected to create around 1,200 jobs – more than the number of people working at WorldPay’s headquarters in London.

Atlanta has risen to become a financial payments hub in recent years, with seven in 10 US payments processed by Georgia-based companies every year. Four of the country’s top 20 Fintech companies are based in the state.

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