Ingenico Launches Full Suite of Chinese Payment Methods for International Ecommerce Players
October 10 2019 - 03:00AM
Business Wire
Ingenico Group (Euronext: FR0000125346 - ING), the global leader
in seamless payment, is transforming how international ecommerce
companies operate in China. By introducing a suite of payment
methods that fully caters to the preferences of local consumers,
Ingenico will enable online businesses to gain better access to one
of the world’s most significant online markets.
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Ingenico Launches Full Suite of Chinese
Payment Methods for International Ecommerce Players (Photo:
Business Wire)
As 82% of the local Chinese population are unique mobile users,
Ingenico has partnered with leading mobile payment platforms,
Alipay and WeChat Pay, as well as with local card scheme
UnionPay.
Ingenico is one of the very first international payment service
providers (PSP) to support all use cases for WeChat Pay, including
the capability to integrate into WeChat Official Accounts and
Mini-Programs. This is a crucial advantage that allows the 1.1
billion WeChat users to complete their purchase without leaving the
WeChat environment.
Additionally, Ingenico offers an upgraded Alipay integration to
its customers, enabling these businesses to reach the vast majority
of online consumers in China, while also allowing them to offer
real-time payments, both on desktop and mobile devices.
Furthermore, Ingenico supports UnionPay’s (UPI) SecurePay and
ExpressPay solutions as part of a comprehensive payment solution
designed to cater to a greater range of local payment preferences
in China. Through Ingenico, merchants can offer Chinese Yuan (CNY)
to consumers via these payment methods, which is critical for
conversion and customer experience.
The new China is a huge opportunity for western businesses. It
is the world’s largest and most dynamic ecommerce market and a
pioneering force in digital and mobile culture. In total, it has an
internet penetration rate of 57%, representing 25% of internet
users worldwide. However, it is a more challenging market to
operate in than many others, as the unique domestic ecommerce
ecosystem often demands specific solutions tailored to local
preferences.
“Our long-time presence and activity in China means that we are
perfectly positioned to partner with merchants wanting to access
the truly local consumer market. Our expertise here, combined with
this new set of payment capabilities, will allow international
merchants to reach Chinese consumers that were previously difficult
to access,” explains Gabriel de Montessus, SVP Global Online
(Retail BU) for Ingenico Group. “Our merchants will be able to
offer all the relevant local Chinese payment methods in local
currency denomination as part of their digital experience, which
will help increase conversion.”
To learn more about Ingenico’s offer for China visit
ingenico.com/china.
-ENDS-
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 – ING) is the global
leader in seamless payment, providing smart, trusted and secure
solutions to empower commerce across all channels, in-store, online
and mobile. With the world’s largest payment acceptance network, we
deliver secure payment solutions with a local, national and
international scope. We are the trusted world-class partner for
financial institutions and retailers, from small merchants to
several of the world’s best known global brands. Our solutions
enable merchants to simplify payment and deliver their brand
promise.
Stay in touch with us: www.ingenico.com
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Media Contact / Ingenico Dylan Prins Communication
manager / Ingenico ePayments (T): +31 (0)6 12 15 80 03 Email:
dylan.prins@ingenico.com