Company News • 20.02.2020

For retailers: VR Payment China Solution

Payment specialist opens the Chinese market to retailers with a comprehensive solution for Alipay and WeChat

Booth of VR-Payment at the EuroShop 2020
Source: VR-Payment

VR Payment presents the ‘China Solution’ at the EuroShop 2020: An all-round service package with which retailers can gain access to the Chinese market and profit from the increasing spending by tourists from Asia. 

In addition to the on- and offline payment acceptance of Alipay and WeChat Pay, the payment specialist of the Volksbanken Raiffeisenbanken Cooperative Financial Network provides retailers with a professional appearance on the two most important Chinese lifestyle platforms. This includes profile creation, building and designing your own e-commerce store within the WeChat ecosystem, translation services for smooth chat communication with Chinese customers, design and implementation of relevant marketing strategies as well as cross-border logistics for easy shipping of goods to Asia.

“In China, digital payment and ecosystems play a much more important role than they do in this country. With the central platforms Alipay and WeChat, even small retailers can bring Chinese tourists to their businesses and build up a large customer base in Asia - so long as they know how to make use of the platforms for themselves. This is exactly what we help with”, says Carlos Gómez-Sáez, CEO of VR Payment. In addition to the payment function, Alipay and WeChat display all the services provided in western countries by Google, WhatsApp, TripAdvisor, travel and information portals or e-commerce platforms and therefore have a huge influence on purchasing decisions.

A unique, all-round service offer

“Without any presence in Alipay and WeChat, not only retailers but also hotel and restaurant owners have a hard time keeping Chinese customers. The differences between the European and Chinese payment processes are simply too big and the usage of digital offers is too high”, confirms Marco van Eersel, expert on China and founder of the VR Payment service partner, WeRetail. “The offer of on- and offline payment acceptance along with platform services with Alipay and WeChat as a comprehensive package is unparalleled in Germany”, says van Eersel, commenting on the new China Solution.

With an authentic profile and the relevant payment acceptance, German companies can gain visibility on these Chinese platforms, which is the basic prerequisite for guiding Chinese travellers into their businesses using the info, storefinder and geolocation functions on Alipay and WeChat. The marketing options on these platforms can also be used for this purpose. As a result of digital networking with Chinese travellers and their personal recommendations via the social media and rating options on Alipay and WeChat, the range covered on the platforms and the WeChat e-commerce traffic grow significantly.

High turnover potential

Presence on the Alipay and WeChat platforms is definitely worthwhile: Alipay holds a 54 percent market share in the 16 trillion US dollars Chinese mobile payment segment, WeChat Pay holds around 40 percent. User numbers speak for themselves: Alipay has more than 520 million active users, WeChat over 900 million.

In addition to this: Tourism from the Asia-Pacific region is rapidly growing. 3.4 million Chinese tourists are expected in Germany during 2020, which represents 40 percent more than in 2017. The spending power of Chinese travellers is also noteworthy here: A turnover of 12 billion euros from Chinese travellers in Germany is predicted for 2020. China has the highest tourism expenditure rate worldwide - the China Solution offered by VR Payment offers merchants the chance to benefit from this.

Supplier
Logo: VR Payment GmbH

VR Payment GmbH

Saonestraße 3a
60528 Frankfurt am Main
Germany

related articles:

popular articles:

Thumbnail-Photo: The 6 technology trends affecting the security sector in 2021...
15.01.2021   #security #brick and mortar retail

The 6 technology trends affecting the security sector in 2021

The trends are shaped by how and why technologies are used

It’s useful when looking forward to first look backward: hindsight has a wonderful way of providing context for future-gazing activity. And when looking back over the past year, one insight could understandably be that attempting to predict ...

Thumbnail-Photo: Southeast Asian online and offline health and beauty partnership...
06.02.2021   #online trading #e-commerce

Southeast Asian online and offline health and beauty partnership

Grab brings beauty products from over 2,200 Watsons stores to customers’ doorsteps

A.S. Watson Group, an international health and beauty retailer, and Grab, Southeast Asia’s super app, announced the largest O+O (online and offline) health and beauty partnership in Southeast Asia, spanning across six Southeast Asian markets ...

Thumbnail-Photo: RISE Spotlight - Digital Signage: New Solutions for a New Era...
30.03.2021   #digital signage #event

RISE Spotlight - Digital Signage: New Solutions for a New Era

Digital event on 13 April 2021 from 15:00 to 17:00 CET (14:00 – 16:00 GMT)

RISE Spotlight is a monthly series of free-to-attend digital events, highlighting key ISE technology areas. Produced in partnership with TNW, they feature global subject experts, technology entrepreneurs and start-ups. ...

Thumbnail-Photo: Vending machines: Customers alone in the store...
18.01.2021   #sales promotion #food retail

Vending machines: Customers alone in the store

Combi City-Markt makes round-the-clock shopping possible – without staff

Shopping after closing time? That’s possible at the Combi City store Bünting in Oldenburg. At the 24/7 vending machine, late at night shoppers have the opportunity to stock up on everything they need from the supermarket's ...

Thumbnail-Photo: Automated grocery PickUp kiosk for contactless grocery service...
11.01.2021   #coronavirus #food retail

Automated grocery PickUp kiosk for contactless grocery service

Albertsons Companies debuts kiosk at Jewel-Osco store in Chicago

Albertsons Companies announced that it is the first American grocer to pilot an automated and contactless grocery PickUp kiosk. The kiosk, located at one of its Jewel-Osco stores in Chicago, demonstrates continued expansion of the company’s ...

Thumbnail-Photo: Hobbii has knitted a huge business together
01.04.2021   #electronic shelf labels (ESL) #electric displays

Hobbii has knitted a huge business together

The enormous growth has been possible because Hobbii has chosen technology that supports the processes in the warehouse and in the stores.

The yarn company Hobbii is Denmark's fastest-growing company. In a very short time, they have managed to create a huge business that is supported by modern technology and efficient work processes when handling the expected 1.5 million orders in ...

Thumbnail-Photo: The Citizen CT-E651L :  two-in-one label and receipt printing...
04.03.2021   #printers #label printers

The Citizen CT-E651L : two-in-one label and receipt printing

Compact, dynamic and stylish design with outstanding connectivity

Say goodbye to manning separate printing solutions for label and POS as global specialist printer manufacturer, Citizen Systems, announces the all-new CT-E651L label and POS printer. Derived from the successful CT-E651 POS printer, the CT-E651L is a ...

Thumbnail-Photo: Checkout-free hotel convenience store in Yokohama, Japan...
17.02.2021   #self-checkout systems #self service

Checkout-free hotel convenience store in Yokohama, Japan

Using biometric authentication technology

Zippin announced the launch of its latest retail format: a hotel convenience store. Zippin's partner, Fujitsu, the leading systems integrator in Japan, has worked with Koyo Group to implement the world's first checkout-free store within a ...

Thumbnail-Photo: Payments keep going digital and mobile
06.04.2021   #mobile payment #payment systems

Payments keep going digital and mobile

2.7 billion people to use mobile wallet apps by 2022?

As businesses open their doors online, payments solutions adjust to the change – and so do people. In a study conducted for Payvision, Kaleido Intelligence reports on the latest trends and forecasts in mobile wallets usage across the ...

Thumbnail-Photo: Danish supermarket chain implements ESL in all stores...
10.02.2021   #electronic shelf labels (ESL) #price labelling

Danish supermarket chain implements ESL in all stores

The chain is investing in modernization and more digital initiatives

The privately owned, Danish supermarket chain Løvbjerg is doing well, and has experienced a great development in 2020 with a 18% growth. The chain is therefore also investing in modernization and more digital initiatives. Most recently, ...

Supplier

HappyOrNot
HappyOrNot
Innere Kanalstraße 15
40476 Düsseldorf
GMO Registry, Inc.
GMO Registry, Inc.
Cerulean Tower, 26-1 / Sakuragaoka-cho, Shibuya-ku,
150-8512 Tokyo
Axis Communications GmbH
Axis Communications GmbH
Adalperostraße 86
85737 Ismaning
Reflexis Systems GmbH
Reflexis Systems GmbH
Kokkolastr. 5-7
40882 Ratingen
Elo Touch Solutions (Belgium) NV
Elo Touch Solutions (Belgium) NV
Wingepark 5B / 301
3011 Rotselaar
iXtenso - Magazin für den Einzelhandel
iXtenso - Magazin für den Einzelhandel
Celsiusstraße 43
53125 Bonn
Delfi Technologies GmbH
Delfi Technologies GmbH
Landgraben 75
24232 Schönkirchen
Citizen Systems Europe GmbH
Citizen Systems Europe GmbH
Otto-Hirsch-Brücken 17
70329 Stuttgart
CCV GmbH
CCV GmbH
Gewerbering 1
84072 Au i.d.Hallertau
EuroShop
EuroShop
Stockumer Kirchstraße 61
40474 Düsseldorf