UnionPay enables cross-platform payments with WeChat Pay and Alipay

As payment technology continues to evolve, integration and interoperability accelerate the transformation of the global payment ecosystem. The UnionPay card fully supports binding WeChat Pay and Alipay, bringing a brand new experience for foreigners to pay in China.

In this article, we will discuss UnionPay card's full support for binding WeChat Pay and Alipay, the advantages of payment method integration, and how Silkpay helps merchants accept multiple payment methods in easy ways.

UnionPay cards issued overseas integrates with WeChat Pay and Alipay

UnionPay International recently announced that UnionPay cards issued abroad now fully support linking with Alipay and WeChat Pay, offering foreign visitors to China more diverse and convenient payment options. With technical support from the Industrial and Commercial Bank of China, WeChat Pay has officially launched this feature. Starting immediately, overseas users can download the Alipay or WeChat app, link their UnionPay cards issued abroad, and enjoy seamless QR code payment services, just like local users in China.

This new payment model greatly simplifies the payment experience and brings various conveniences for foreigners. Firstly, during the promotional period, using UnionPay cards issued abroad for payments in China will be free of transaction fees, offering users a cost-effective payment option. Secondly, this model covers both online and offline payment scenarios across dining, accommodation, transportation, shopping, entertainment, and healthcare, supporting various forms of payment.

This collaboration is not only a milestone in UnionPay International's efforts to promote connectivity in the payment industry but also demonstrates its commitment to building a sustainable business model. By narrowing the gap between domestic and international payment habits, this service is expected to enhance the global visibility and influence of Chinese payment brands.

In recent years, UnionPay International has continued to advance its localization strategy with remarkable results. Now UnionPay cards have been widely issued in 83 countries and regions worldwide, with a total volume exceeding 250 million cards, and cross-border payments available in 183 countries and regions.

Accept WeChat Pay and Alipay now

The advantages of cross-platform payment

With the continuous development of payment technology, the integration of payment methods has become an important trend. In addition to UnionPay's full support for integrating with WeChat Pay and Alipay, features such as mutual QR code scanning between Yunshanfu and WeChat Pay have also been realized. This interoperability and integration of payment methods bring numerous advantages.

Benefits for consumers

More flexible payment options: Consumers can freely choose their preferred payment tools without being limited to specific payment methods, offering great convenience for daily life and cross-border consumption.
Simplified payments: Integration among different payment methods allows users to complete all payments within a single platform or app, eliminating the need to frequently switch apps.
Reduced transaction costs: Integrated payment methods often come with lower fees, such as waived cross-border transaction fees or reduced service charges on some payment platforms, thereby reducing consumer expenses.

Impacts on merchants

Simpler payment access: Merchants no longer need to configure multiple payment terminals. A single integrated collection tool or QR code can support multiple payment methods, saving costs on equipment purchase and maintenance.
Attracting more customers: This approach effectively expands the potential customer base, especially by attracting more cross-border tourists or international users, helping merchants increase sales.
Increased marketing opportunities: After payment platforms are integrated, merchants can participate in more marketing activities within the platform’s ecosystem, such as joint discounts or membership points, thus boosting customer loyalty and repeat purchases.

Accept multiple payment methods

How merchants can accept multiple e-wallets with one QR code

Silkpay can help merchants in Europe and the Americas quickly and efficiently connect to UnionPay, WeChat Pay, and Alipay with the simplest approach.

We provide merchants with a multifunctional QR code that allows consumers to pay using the UnionPay Yunshanfu app, WeChat Pay, or Alipay app. With just one QR code, merchants can easily take three payment methods without needing more tools or investing in expensive hardware.

In addition, Silkpay is dedicated to offering a variety of payment solutions for merchants, including printed QR codes, POS terminals, PaybyLink, and mobile POS, supporting more than 30 mainstream payment methods worldwide, such as Visa, MasterCard, WeChat Pay, Alipay, UnionPay, Apple Pay, and Google Pay. Whether for online or offline transactions, our services cater to merchants' diverse payment needs and help them enhance service quality.

By collaborating with Silkpay, merchants can not only improve payment efficiency but also attract more consumers using different payment methods. This expands market coverage, strengthens competitiveness, and injects new momentum into business growth.

Accept QR code payment

Conclusion

The comprehensive interoperability of UnionPay cards with WeChat Pay and Alipay marks further progress in the payment industry, providing foreign visitors to China with seamless payment services. In an era of accelerating digitalization and globalization, the integration of payment methods will continue to create more value for customers and merchants worldwide, becoming a key driver of economic growth and commercial innovation.

Silkpay's one-stop payment solutions open the door for global merchants to easily access multiple payment methods, helping their businesses reach new heights.

About the author: Silkpay

Based in Paris, Silkpay provides omnichannel and secure payment solutions to help physical stores and e-commerce in Europe and the Americas accept more than 30 of the world's most popular payment methods: Visa, Mastercard, CB, UnionPay, Alipay+, WeChat Pay as well as Asia-Pacific’s major e-wallets.

Silkpay is a winner of the LVMH Innovation Award. The company was also selected as a finalist for the "Money 20/20" Best Startup and in the "MPE Berlin” Startup Awards. Silkpay also won the "Best Fintech" awards from Capgemini and BPCE.

Silkpay helps merchants deliver the smoothest payment experience to their customers. We are a talented and international team driven by a single goal: to improve the customer experience and make payments simple and secure.

Source

http://www.news.cn/money/20241106/2a458d798c9747a9b2d4fe7d2bc734ad/c.html