The integration of Alipay+ and similar digital payment platforms offers a significant opportunity for European and American merchants to expand their global reach and adapt to evolving consumer preferences. By embracing diverse payment methods, focusing on cross-border payment efficiency, and enhancing the overall customer experience with convenient and attractive options.
Read MoreSilkpay’s recently launched service that helps European and American merchants to accept Amex and Discover into their payment solutions. Accepting these payment methods is crucial for European and American merchants because they can attract more consumers, especially high-income user groups, thereby increasing average transaction values and profits.
Read MoreIn order to attract more international tourists and enhance their consumption experience in China, China is actively promoting Alipay and WeChat Pay to link overseas cards. This will not only help promote the development of tourism, but also enhance the convenience of cross-border transactions. At the same time, Silkpay can help European and American merchants accept these Chinese e-wallets as payment methods.
Read MoreWith the development of technology and changes in people's consumption habits, the popularity of digital wallets and digital cards is changing the way we pay. While it's too early to say that plastic cards will completely disappear, the trend is clear: digital payment methods are becoming increasingly popular because they are convenient, secure, and more environmentally friendly.
Read MoreIntegrating Visa and Mastercard top-ups into China’s digital yuan app enhances convenience for global tourists. This move not only simplifies transactions but also expands the digital payment’s influence. At the same time, Silkpay's virtual Visa, Mastercard, and UnionPay prepaid cards offer secure transactions, shielding personal financial data from cyber risks.
Read MoreThe integration of Visa and Mastercard with Alipay and WeChat Pay marks a transformative leap for the global digital payments landscape. For tourists exploring China or engaging in international transactions, this integration provides a seamless and secure cashless experience. In addition, for European and American merchants, adopting these payment methods opens the door to the vast Chinese market and a wider international customer base.
Read MoreAnt Group’s partnership with Toss Payments marks a critical moment for South Korea’s payments industry, providing valuable opportunities for European and American merchants. The partnership provides these businesses with a portal to cater to Chinese and Korean tourists, simplify cross-border payments and tap into South Korea’s tech-savvy consumer base.
Read MoreIn embracing the collaboration between Alipay and Naver Pay, merchants worldwide stand poised at the threshold of an expansive and interconnected market. This partnership, coupled with Silkpay's support, not only streamlines transactions and fosters customer trust but also opens doors to an extensive consumer base.
Read MoreMerchants in Europe and the USA need to seize the opportunity of the dramatic increase in Chinese tourists by integrating Alipay and WeChat Pay into their payment options. Through payment method personalization, merchants can reach more Chinese tourists and consumers. Thus, get more revenues from cross-border business.
Read MoreUnionPay International recently announced a strategic cooperation agreement with K&H Payment Services (hereinafter referred to as "K&H Group"), Hungary's leading acquirer. This collaboration has increased UnionPay card acceptance coverage in this country.
Read MoreThe digital shift for businesses is crucial, offering efficiency, loyalty, and security despite challenges. It's a strategic necessity in the evolving US business landscape. Silkpay facilitates this with diverse payment solutions, helping businesses access global markets. Their flexibility suits businesses of all sizes in the changing commerce landscape.
Read MoreChina's video game industry recorded its best quarter in full lockdown during the Covid-19. 10 billion euros were spent in this sector by Chinese players during Q1 2020, representing a 30% increase over same period last year. Today, China is the world's largest video game market with 41% of global market’s revenues.
Read MoreIn order to maintain the leader position in the tech competitions, China has launched its own digital currency, designated by DCEP (Digital Currency Electronic Payment). The Chinese government started its pilot projects such as paying certain state allowances in digital currency (DCEP) since April 2020.
Read MoreHome to high-tech giants, BATX (Baidu, Alibaba, Tencent, Xiaomi), China is now a global leader in sectors such as AI, robotics, big data or even facial recognition. Amid the battle against Coronavirus, China can count on the latest technological innovations of Alibaba, Tencent or tech startups.
Read MoreAccording to the World Health Organisation(1), Covid-19 can be transmitted through infected objects. The virus survives from few hours up to several days on surfaces and objects. This leads us to ask: Can we get infected by touching coins, banknotes, bank cards or even ATMs?
Read MoreWeChat Pay tested its new service in July 2019, it allows users to make payments even without internet. The mobile payment giant conducted the test in partnership with Spring Airlines during flights between Chengdu and Shanghai. Passengers had been asked to register for the offline service test before boarding.
Read MoreThe number of Chinese tourists traveling around the world is constantly increasing, the thriving Chinese middle class and its growing purchasing power continue to boost the tourism sector with people looking forward to exotic experiences.
Read MoreIn China, more and more people have the opportunity to travel abroad. China's outbound travel has increased 47 percent since 2012, reaching 122 million travellers, according to the China National Tourism Administration (CNTA). In 2016, the number of Chinese travelers who visited Europe was close to 10 million.
Read MoreMore than 2 million Chinese tourists visit France every year and this number is increasing. With an average basket that exceeds € 1,600 per person, Chinese tourists have the largest travel in the world.
Read MoreFor the 4th edition, Publicis and “Les Echos” groups organized the international exhibition Viva Technology at Paris Porte de Versailles. Large corporates, investors and young technology entrepreneurs met on May 16, 17 and 18, 2019. They presented their innovations, projects and solutions.
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