Payment provider Ingenico Group has launched a full suite of Chinese payment methods, which allow international e-commerce companies to reach local consumers.

The payment suite includes real-time payments, both on desktop and mobile devices, Alipay and WeChat Pay integrations, UnionPay’s (UPI) SecurePay and ExpressPay solutions, and the ability for merchants to offer payments using Chinese Yuan.

According to Ingenico, this will transform how international companies operate in one of the world’s most significant online markets, where 82% are unique mobile users.

Gabriel de Montessus, SVP global online (retail BU) for Ingenico Group, commented: “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 local currency denomination as part of their digital experience, which will help increase conversion,” he said.

The suite makes Ingenico one of the first international payment service providers to support all use cases for WeChat Pay, including the capability to integrate into WeChat Official Accounts and Mini-Programs, providing access for 1.1 billion WeChat users, who will be able to complete their purchase without leaving the WeChat environment.

Moreover, Ingenico has also included an upgraded Alipay integration. This enables businesses to reach the majority of Chinese online consumers, offering real-time payments on both desktop and mobile devices. It also supports UPI solutions designed to cater to a greater range of local payment preferences in China.

Recently, Ingenico also revealed that it has partnered with UK high street retailer M&S to implement omnichannel payments for customers, as well as IKEA India, in order to power its e-commerce platform.

Sunniva Kolostyak
by Sunniva Kolostyak
FinTech Reporter at IBS Intelligence