INTRODUCING
CONNECT TO ALL MAJOR
CHINA PAYMENTS
VIA A SINGLE INTEGRATION
- China UnionPay processing
- Online bank transfer
- Alipay
- WeChat Pay
- Mobile payments
- B2B & B2C Real-time cross border remittances
- Subscription e-commerce
- Prepaid multi-currency CUP card issuing
- Chinese identity verification and fund source services
- One of the most popular payment methods in China
- with over 889 million active users globally
- USD 550 Billion transaction a year
- Integrate into your WeChat marketing efforts for quick conversions
- Complete integration support for both Online and Offline Payments
OFFICIAL INTERNATIONAL BUSINESS PARTNER OF
WeChat Pay
- Complete Chinese customer identity verification and query services
- API and manual process flows supported
- Real-time verification for eKYC and AML requirements
- Detailed fund source information
CHINESE IDENTITY
VERIFICATION SERVICES
- 24/7/365 even during holidays
- Full automation via API or manual workflow with multiple authorization options
- Easy to integrate APIs with stare of art web-based back office console
- Advanced post back notification system, track your payments in real time
- Fast and low-cost transfers, transparent exchange rates, no hidden bank charges
WECOLLECT REMITTANCE NETWORK
Real time Inbound / Outbound China B2C/B2B Remittance Services
Getting Started
Easy 4 step process – Start accepting China payments
1. Application
2. Agreement
3. Integration
4. Accept Payments
Solutions
Integrate into all major China payment methods via a single integrationSolutions
WeCollect’s China payments solution allows both merchants and PSP’s to integrate into all major China payment methods via a single integration into the WeCollect Hub. Start accepting payments from China UnionPay, and others. What’s more? We allow you to tailor your solution to your specific needs.
Complete China Payments Solution
Payment processing
Accept China UnionPay credit and debit cards + online bank transfer. Seamless access to all China payment methods through a single integrationCross-border Remittances
Inbound & Outbound Cross-border remittances for both B2B and B2C marketsSubscription commerce
Enable recurring cross-border payments for a variety of industriesChina UnionPay prepaid cards
Both WeCollect and white label cards available in major currencies.
Learn more
Partners
Learn more about our services and how you can add China payments to your offeringPartners
WeCollect provides a real-time, omni-channel China focused payment solution that delivers fast and reliable payment processing in a secure environment coupled with world class fraud & risk management. The solution is easy to implement, integrate and manage. It is highly resilient, scalable & has the flexibility to expand with our partners and their end-customers.
With over 5 billion China Partners cards now in circulation there exists a huge opportunity for companies as many International merchants still do not offer CUP at checkout. Our well established Partner Program allows you to add CUP to your product offering which enables you to differentiate your payment services and revenue streams and strengthen your merchant relationships by extending your business into new markets.
WeCollect has an easy to integrate state-of-the-art gateway and a professional customer service partnership team which will assist you in the partnership implementation. Contact us today to learn more about our services and how you can add China payments to your offering.
China Payments
China paymentsCHINA PAYMENT PROCESSING
OVERVIEW
Chinese e-commerce transactions are slated to grow to a massive US$540 billion by 2015 eclipsing the USA as the largest e-commerce market in the world. Of this huge number and increasingly large portion of Chinese consumers are expected to make cross-border purchases in the nature of US$23 billion in 2014, representing an 81% increase over 2013.
With this growth expected to continue at a fast pace, online merchants and payment processing companies will need to add China payment capabilities to their websites and gateways. In the near future China UnionPay (CUP) will be just as important as Visa and Mastercard.
International E-COMMERCE
The number of e-commerce users in China is expected to reach over 300 million in 2015 and an increasingly larger percentage are transacting internationally through different services. WeCollect enables merchants to access this growing population of Chinese by providing familiar payment options at checkout.
Complement your business today with the ability to accept such major China debit and credit cards such as China UnionPay; and E-Wallets such as Alipay and WeChat Pay. All our solutions are accompanied by our industry leading fraud prevention, risk management, and complete business intelligence reporting and analytics.
CHINA UNIONPAY
Currently, China UnionPay is the gateway card and payment method to the China market. By accepting CUP you are adding the ability to accept transactions by China consumers with RMB cards issued by the member banks of China UnionPay which includes all the majors.
The WeCollect gateway will allow you to accept payments in RMB and allow you to receive settlement in the major currency of your designation.
China UnionPay is the sole domestic card issuer in China, and is now the world’s largest card network by number of cards, and is expected to surpass Visa to become the largest network by transaction volume within the next year.
If you want to access the Chinese consumer, having a CUP gateway is a necessity. To get started with China UnionPay contact us to learn more.
ALIPAY
Alipay is an e-wallet system developed by the Chinese e-commerce giant, Alibaba. Alipay has been the world's largest mobile and online payments platform since 2014. It currently has the largest market share in China with 400 million users and control of just under half of China's total online payment market in October 2016.
WECHAT PAY
WeChat Pay was launched by Tencent Holdings, a Chinese internet company, which also owns the leading social networking application WeChat. WeChat Pay allows users to perform mobile payments and send money between WeChat contacts. As one of the fastest growing and most popular payment methods in China, WeChat Pay has over 889 million monthly active users globally and USD 550 Billion transaction in 2016.
MOBILE PAYMENTS
As the e-commerce industry continues to boom, especially in China, the online payments space follows suit. With a population of almost 1.4 billion and 1.3 billion mobile users in China, there is a large market for mobile payments solutions to gain rapid adoption. The mobile payments market is currently dominated by CUP and two tech giants – Alibaba’s Alipay and Tencent’s WeChat payment, both popular options amongst Chinese consumers, with 49.2% and 20% market share respectively.
Quick Payment is one of WeCollect’s China payment solutions that supports both mobile and desktop interfaces. The user can authorize the online payment by using bank cards and a generated SMS code sent to their registered mobile phone. This easy to use solution is gaining popularity and it supports all browsers on web and mobile.
