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: Record numbers for ITL at EuroCIS retail show in Düsseldorf...
07.03.2024   #self-checkout systems #POS software

Record numbers for ITL at EuroCIS retail show in Düsseldorf

Innovative Technology (ITL) reported a successful EuroCIS in Düsseldorf last week, where the organisers announced record visitor numbers. EuroCIS provides an exclusive hotspot for Retail Technology in Europe, ...

Thumbnail-Photo: How efficient is your workforce management?
24.04.2024   #workforce deployment #workforce management

How efficient is your workforce management?

Workforce management software in retail is successful when it optimizes processes, increases employee satisfaction, and improves ...

Thumbnail-Photo: SES-imagotag becomes VusionGroup
29.01.2024   #software applications #artificial intelligence

SES-imagotag becomes VusionGroup

A new identity highlighting the broader portfolio of innovative solutions
developed by the Group to solve the major challenges of physical commerce

SES-imagotag (Euronext: SESL, FR0010282822), the global leader in digital solutions for physical commerce, today announced that it has changed its name to VusionGroup. This new name embodies the various product lines and solutions that have enhanced ...

Thumbnail-Photo: New digital customer experience on the sales floor...
29.04.2024   #digital signage #data warehouse management

New digital customer experience on the sales floor

Connecting stationary retail through omnichannel digital signage

The dynamics of digital change and the fast pace of customer expectations are increasing ...

Thumbnail-Photo: Hanshow’s ESL Solutions Push Precision and Performance at the National...
04.04.2024   #retail #customer experience

Hanshow’s ESL Solutions Push Precision and Performance at the National Hardware Show

NHS is the premier event where home centers, independent retailers, online retailers, wholesalers, distributors ...

Thumbnail-Photo: Classic POS reimagined
14.03.2024   #POS systems #printers

Classic POS reimagined

Introducing the new generation CT-S801III and CT-S851III
POS printer range.

Citizen Systems launches new CT-S801III ...

Thumbnail-Photo: POCOs experience: efficiency and customer proximity through digital...
30.04.2024   #customer satisfaction #digitization

POCO's experience: efficiency and customer proximity through digital price tags?

How ESL and other digital elements are used in furniture stores

POCO Einrichtungsmärkte GmbH relies on Electronic Shelf Labels (ESL). So far, 93 of the 127 stores have been equipped with this technology ...

Thumbnail-Photo: iXtenso tests: REWE Pick&Go
13.03.2024   #app #customer experience

iXtenso tests: REWE Pick&Go

New test store in Düsseldorf - is the concept convincing?

REWE has launched its Pick&Go concept (on a trial basis) in Düsseldorf. We tested the store!

Thumbnail-Photo: Wayfair Announces Decorify App for Apple Vision Pro...
15.02.2024   #Tech in Retail #virtual reality

Wayfair Announces Decorify App for Apple Vision Pro

Wayfair's virtual room styler and 3D imaging tools enable Apple Vision Pro users to reimagine their living spaces and experience the future of shopping in their home

With the Wayfair Decorify app on Apple Vision Pro, users have a variety of options to see their spaces redesigned. They can upload a photo of their space ...

Thumbnail-Photo: ‘Problem-solving mission’ with updated Modern Store Framework...
16.02.2024   #Tech in Retail #personnel management

‘Problem-solving mission’ with updated Modern Store Framework

Zebra Technologies will be looking to address challenges with expertise and new solutions at EuroCIS

Zebra Technologies Corporation (NASDAQ: ZBRA), a leading digital solution provider enabling businesses to intelligently connect data, assets, and people, today announced it’s taking the newly enhanced Modern Store framework on a ‘problem ...

Supplier

SALTO Systems GmbH
SALTO Systems GmbH
Schwelmer Str. 245
42389 Wuppertal
VusionGroup SA
VusionGroup SA
55 place Nelson Mandela
90000 Nanterre
REMIRA Group GmbH
REMIRA Group GmbH
Phoenixplatz 2
44263 Dortmund
Innovative Technology Ltd.
Innovative Technology Ltd.
Innovative Business Park
OL1 4EQ Oldham
Zebra Technologies Germany GmbH
Zebra Technologies Germany GmbH
Ernst-Dietrich-Platz 2
40882 Ratingen