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Adyen adds WeChat Pay to its platform globally

ID: 1469962

Key to unlocking 400 million potential Chinese shoppers

(firmenpresse) - November 15, 2016, London– Adyen, the payments company powering global commerce for Uber, Facebook and Netflix amongst others, today announced that it has added WeChat Pay to its portfolio of local payments methods. It’s the first major payment service provider to integrate WeChat Pay into its offering on a global scale – providing businesses with access to 400 million Chinese shoppers.

China is at the forefront of the revolution in mobile payments that is powering global ecommerce growth. 15% of China’s total population is expected to make a cross-border purchase by the end of 2016 – amounting to $86 billion in transaction value. By 2020, we expect this to increase to as much as 75%. This will have a significant impact on the global ecommerce market.

“We need to be where our customers are – and as a British-made brand we have a huge following from customers in China. Mobile commerce is vital for this market, especially for the younger urban Chinese shopper. WeChat Pay is essential for targeting this exciting demographic,” said Natalie Zhu, China Marketing Manager, The Cambridge Satchel Company. “Our global partnership with Adyen allows us to roll out new local payment methods as they become relevant to our customers, hassle-free”.

“We are very excited to support WeChat Pay. When combined with our existing UnionPay and Alipay integrations, it gives businesses access to the world’s biggest ecommerce market with a single partner. This is the final key to unlocking full access to the Chinese shopper,” said Adyen CCO Roelant Prins. “This is especially appealing to travel businesses and high-end retailers.”

WeChat Pay is the latest addition to the constantly evolving suite of local payment methods offered by Adyen. WeChat, originally a messaging app, has evolved into a digital ecosystem featuring payments integration that is already used by half of WeChat’s 800 million users.

For more information about Adyen, visit: https://www.adyen.com/





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About Adyen
Adyen is a technology company that provides businesses with a single solution to accept payments anywhere in the world. The only provider of a modern end-to-end infrastructure connecting directly to Visa, MasterCard, and 250 other payment methods, Adyen delivers frictionless payments across online, mobile, and in-store. With offices all around the world, Adyen serves more than 4,500 businesses, including 7 of the 10 largest U.S. Internet companies. Customers include Facebook, Uber, Airbnb, Netflix, Spotify, Dropbox, Evernote, Booking.com, Vodafone, Mango, Crocs, O’Neill, SoundCloud, KLM and JustFab.



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Bereitgestellt von Benutzer: RealWire
Datum: 15.11.2016 - 05:22 Uhr
Sprache: Deutsch
News-ID 1469962
Anzahl Zeichen: 2149

contact information:
Contact person: Samantha Sharp
Town:

Lincoln


Phone: +44 (0)1522 883 60

Kategorie:

Financial Services & Insurance


Typ of Press Release: bitte
type of sending: Veröffentlichung
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