French payments firm Ingenico Group has tied up with Chinese payment platforms Alipay, WeChat Pay, and UnionPay to support e-commerce firms operating in the country.
The move is aimed at enabling e-commerce firms to gain better access to China, considering that 82% of the country’s population uses mobile.
Ingenico supports all WeChat Pay use cases such as integrating into WeChat Official Accounts and Mini-Programs, thereby enabling users to complete shopping without exiting the WeChat ecosystem.
Moreover, Ingenico supports UnionPay’s (UPI) SecurePay and ExpressPay solutions, while having an upgraded Alipay integration to allow businesses to reach the bulk of Chinese online consumers and provide real-time payments on desktop and mobile.
Ingenico SVP Global Online (Retail BU) Gabriel de Montessus said: “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.
“Our merchants will be able to offer all the relevant local Chinese payment methods in the local currency denomination as part of their digital experience, which will help increase conversion.”
In August this year, Ingenico inked partnerships with YOOZOO Games and IKEA to enable digital payments.
This July, Ingenico introduced a solution called TravelHub to connect travel companies with its global payment processing capabilities and regional gateways.