AMSTERDAM, NETHERLANDS - Media OutReach - 10 October 2019 - 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.
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
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
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
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.
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.
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