TMCnet News
CITCON Partners with Shift4 to Introduce WeChat Pay and Alipay to Merchants in North AmericaLAS VEGAS, Oct. 23, 2017 /PRNewswire/ -- CITCON, the leading cross-border mobile payment company, is proud to announce the partnership with payment services and gateway provider Shift4 Corporation, to offer China's most popular mobile payment options WeChat Pay and Alipay to merchants and ISV partners through its patented Universal Transaction Gateway (UTG). WeChat Pay and Alipay cross-border payments are the most popular and convenient payment options for Chinese consumers to purchase goods and services overseas in Chinese Yuan, and for merchants to be settled in US Dollars directly by CITCON. Adding these payment options allows merchants to gain the opportunity to better service the Chinese traveler, and tap into an even larger revenue stream from one billion Chinese consumers who are the largest spenders, and the fastest growing traveler segment to North America. Shift4's connections to all major banks, processors, and card brands in the U.S., Canada, and the Caribbean, combined with their support for devices from Ingenico, Verifone, and ID TECH, means merchants have options. Now, merchants have the choice to accept WeChat Pay and Alipay, showing Shift4's continued support of their commitment to merchants. "As true pioneers in the payments industry, we're excited to partner with CITCON to become the first integrated payments provider in North America to adopt support for WeChat Pay and Alipay, making these payment methods accessible to our ISV partners, merchants, and Chinese consumers alike," said Daniel Montellano, VP of Strategic Business Development of Shift4. Chinese arrivals into the United States are expected to grow by 121 percent by 2020 to reach more than six million traveles, making it the third largest international market and the largest overseas market for the United States. Chinese travelers are already the highest spending international tourists in the United States – having spent more than $30 billion in the United States in 2016, and this number is expected to double by 2020. "We're proud to partner with Shift4 to bring WeChat Pay and Alipay to a wide variety of merchants in North America. The tremendous growth of the Chinese outbound tourism market brings new possibilities for merchants across hotel, retail, transportation, F&B and attractions sectors to continue to grow their share of visitation and spending from Chinese tourists. Ensuring that your business is China-Ready and China-Smart by accepting the Chinese preferred and trusted payment options will accelerate this development and expand your opportunity," said Wei Jiang, COO & President of CITCON. About CITCON About Shift4 Corporation Evelyn Yang
View original content:http://www.prnewswire.com/news-releases/citcon-partners-with-shift4-to-introduce-wechat-pay-and-alipay-to-merchants-in-north-america-300540987.html SOURCE CITCON |