3.6 million Chinese will visit NZ over the next 5 years

Smartpay customers will soon be able to seamlessly process Alipay and WeChat payments on the same terminal as their EFTPOS and credit card payments. If you have Chinese customers – whether they are tourists, students or recent migrants – make sure you are ready to welcome these customers to do business with you.

 

Mobile payments dominate in China

China is fast becoming a cashless society. Research has reported over 98% of Chinese have used mobile payments¹.  Alipay and WeChat account for a 92% of mobile payments in China – a market that was worth over a forecast  165.9 trillion yuan in 2018¹. Payments through Alipay and WeChat Pay are made by the user scanning a QR code with their mobile phone.

 

3.6 million Chinese will visit NZ over the next 5 years

China is a key growth market for NZ tourists and also accounts for many of our international students. Mobile payments are the preferred payment method for Chinese people on holidays and trips abroad.

 

Smartpay makes it seamless to accept Alipay and WeChat Pay

  • Process QR code transactions on your Smartpay terminal the same way you already do for other card payments.  A QR code appears on your terminal for your customer to scan, in the similar way to how they are used to in China. Your customer accepts the transaction on their mobile. They benefit from paying in their own currency, and they can see the transaction in their own language. You get settled in NZ dollars by Smartpay to your NZ bank account so you don’t need to worry about currency conversion.
  • To make the QR option available it can be as simple as an update to your terminal software.  This solution can also be integrated with compatible Point of Sale systems.

 

Want to learn more?

Take a look at our Alipay page to find out how seamless our solution is.

 

Sources: ¹ iResearch Consulting Group in China

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