Silkpay and VIP Paris Yacht Hotel & Spa announce a collaboration aimed at significantly enhancing the reception of Chinese visitors by integrating payment methods commonly used by them, such as Alipay, WeChat Pay, and UnionPay.
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The integration of Alipay+ and similar digital payment platforms offers a significant opportunity for European and American merchants to expand their global reach and adapt to evolving consumer preferences. By embracing diverse payment methods, focusing on cross-border payment efficiency, and enhancing the overall customer experience with convenient and attractive options.
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In order to attract more international tourists and enhance their consumption experience in China, China is actively promoting Alipay and WeChat Pay to link overseas cards. This will not only help promote the development of tourism, but also enhance the convenience of cross-border transactions. At the same time, Silkpay can help European and American merchants accept these Chinese e-wallets as payment methods.
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With the development of technology and changes in people's consumption habits, the popularity of digital wallets and digital cards is changing the way we pay. While it's too early to say that plastic cards will completely disappear, the trend is clear: digital payment methods are becoming increasingly popular because they are convenient, secure, and more environmentally friendly.
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The integration of Visa and Mastercard with Alipay and WeChat Pay marks a transformative leap for the global digital payments landscape. For tourists exploring China or engaging in international transactions, this integration provides a seamless and secure cashless experience. In addition, for European and American merchants, adopting these payment methods opens the door to the vast Chinese market and a wider international customer base.
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Ant Group’s partnership with Toss Payments marks a critical moment for South Korea’s payments industry, providing valuable opportunities for European and American merchants. The partnership provides these businesses with a portal to cater to Chinese and Korean tourists, simplify cross-border payments and tap into South Korea’s tech-savvy consumer base.
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In embracing the collaboration between Alipay and Naver Pay, merchants worldwide stand poised at the threshold of an expansive and interconnected market. This partnership, coupled with Silkpay's support, not only streamlines transactions and fosters customer trust but also opens doors to an extensive consumer base.
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Merchants in Europe and the USA need to seize the opportunity of the dramatic increase in Chinese tourists by integrating Alipay and WeChat Pay into their payment options. Through payment method personalization, merchants can reach more Chinese tourists and consumers. Thus, get more revenues from cross-border business.
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The digital shift for businesses is crucial, offering efficiency, loyalty, and security despite challenges. It's a strategic necessity in the evolving US business landscape. Silkpay facilitates this with diverse payment solutions, helping businesses access global markets. Their flexibility suits businesses of all sizes in the changing commerce landscape.
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In order to maintain the leader position in the tech competitions, China has launched its own digital currency, designated by DCEP (Digital Currency Electronic Payment). The Chinese government started its pilot projects such as paying certain state allowances in digital currency (DCEP) since April 2020.
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Home to high-tech giants, BATX (Baidu, Alibaba, Tencent, Xiaomi), China is now a global leader in sectors such as AI, robotics, big data or even facial recognition. Amid the battle against Coronavirus, China can count on the latest technological innovations of Alibaba, Tencent or tech startups.
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According to the World Health Organisation(1), Covid-19 can be transmitted through infected objects. The virus survives from few hours up to several days on surfaces and objects. This leads us to ask: Can we get infected by touching coins, banknotes, bank cards or even ATMs?
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