Ingenico introduces payment services for China
The Ingenico Group, a global player in seamless payment, is
transforming how international ecommerce companies work in emerging
economies. The company has focused on enabling global payments in BRIC
(Brazil, Russia, India and China) economies, most recently with a new
suite of payment methods for China that caters to the preferences of
local consumers.
"Everyone thinks of us as the hardware but the company has been on a huge journey to acquire companies that do payment services," said Nathan Salisbury, GM, Ingenico Epayments APAC.
The e-payments arm accounts for 230 billion Euros in flow annually, and works with the biggest merchants in the world.
Salisbury explained that Ingenico handles the "spaghetti of technology that consumers never see" at the back-end, where huge volumes of transactions occur per second at peak hours.
"Everything is about the consumer experience, making things simple," he said. "We sit between merchants and banks and make it easy for big merchants to sell globally."
As 82% of the local Chinese population are unique mobile users, Ingenico has partnered with mobile payment platforms, Alipay and WeChat Pay, as well as with local card scheme UnionPay. Through Ingenico, merchants can offer renminbi (RMB) to consumers via these payment methods, which is critical for conversion and customer experience.
Ingenico is one of the 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 1.1 billion WeChat users to complete their purchase without leaving the WeChat environment, said Ingenico.
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.
Ingenico also 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.
China has an Internet penetration rate of 57%, representing 25% of Internet users worldwide. However, the unique domestic e-commerce 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," said 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."
In the Asia-Pacific region travel and tourism customers predominate, including airlines like Air China, retailers like Agoda and hotels including Dusit Thani Hotels and Resorts.
"Everyone thinks of us as the hardware but the company has been on a huge journey to acquire companies that do payment services," said Nathan Salisbury, GM, Ingenico Epayments APAC.
The e-payments arm accounts for 230 billion Euros in flow annually, and works with the biggest merchants in the world.
Salisbury explained that Ingenico handles the "spaghetti of technology that consumers never see" at the back-end, where huge volumes of transactions occur per second at peak hours.
"Everything is about the consumer experience, making things simple," he said. "We sit between merchants and banks and make it easy for big merchants to sell globally."
As 82% of the local Chinese population are unique mobile users, Ingenico has partnered with mobile payment platforms, Alipay and WeChat Pay, as well as with local card scheme UnionPay. Through Ingenico, merchants can offer renminbi (RMB) to consumers via these payment methods, which is critical for conversion and customer experience.
Ingenico is one of the 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 1.1 billion WeChat users to complete their purchase without leaving the WeChat environment, said Ingenico.
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.
Ingenico also 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.
China has an Internet penetration rate of 57%, representing 25% of Internet users worldwide. However, the unique domestic e-commerce 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," said 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."
In the Asia-Pacific region travel and tourism customers predominate, including airlines like Air China, retailers like Agoda and hotels including Dusit Thani Hotels and Resorts.
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