Asia Pacific's 2024 payment trends

Explore the dynamic payment landscape of the Asia-Pacific region, from the surge in mobile payment adoption to the strategic use of payment data, and discover how Silkpay is helping merchants and consumers through seamless integration and personalized solutions.

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Annie GUO: Silkpay’s CEO is attending Money 20/20 in Bangkok as speaker

Annie GUO, CEO of Silkpay, is set to speak at Money20/20 Asia, showcasing payment solutions and sharing her entrepreneurial journey in Fintech. As a renowned event in the financial technology industry, Money20/20 provides a platform for innovation and collaboration.

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KakaoPay’s Soaring popularity: impact on the outbound tourism

KakaoPay's soaring popularity, particularly among South Korean users, will impact the way South Korean tourists pay abroad, offering a convenient and widely accepted payment solution. For international merchants, embracing KakaoPay by accepting Alipay not only satisfies the growing demand from Korean tourists but also enhances customer experience by providing diverse payment options.

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Maximize global reach with Alipay+: key strategies for merchants

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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Merchants can now integrate Amex and Discover online

Silkpay’s recently launched service that helps European and American merchants to accept Amex and Discover into their payment solutions. Accepting these payment methods is crucial for European and American merchants because they can attract more consumers, especially high-income user groups, thereby increasing average transaction values ​​and profits.

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China is making payments easier for international visitors

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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Will the rise of digital cards and wallets make plastic come to an end?

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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Digital yuan App adds prepaid Visa and Mastercard top-ups for tourists

Integrating Visa and Mastercard top-ups into China’s digital yuan app enhances convenience for global tourists. This move not only simplifies transactions but also expands the digital payment’s influence. At the same time, Silkpay's virtual Visa, Mastercard, and UnionPay prepaid cards offer secure transactions, shielding personal financial data from cyber risks.

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Alipay and Wechat Pay embrace Visa and Mastercard integration

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 and Toss Payments join hands to explore Korean market

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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Unlocking Global Markets:Alipay and Naver Pay collaboration

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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Alipay: Mobile payments use by Chinese tourists soar overseas

After the Covid-19, Chinese consumers began to choose to travel overseas in large numbers. For Chinese clients, familiar and convenient payment methods like Alipay are a major attraction for their consumption. 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.

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UnionPay is rapidly increasing its payment acceptance network in Europe

This cooperation marks UnionPay International’s efforts in the global payment field, especially in the European market. Cooperation can help improve the payment experience and support the recovery of the global payment market and the construction of a digital acceptance environment.

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Embracing digital payments: A vital step for US businesses

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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Chinese payment giants release Mid-Autumn and National Day payment data

In 2023, Chinese payment giants such as Alipay, WeChat Pay and Unionpay unveiled interesting data about consumer payment data during these holidays. In this blog, we'll delve into the data released by these payment giants to better understand the trends and changes in consumer behavior in China.

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How is Alipay fueling the Asian Games?

From 22 September until 8 October, millions of merchants across the country joined forces with Alipay to hold the "Golden Autumn Consumption Festival". In this article, we will introduce the two measures of Alipay that fuel the Asian Games and the strategies for global merchants during this opportunity.

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Borderless payment experience for UnionPay global cardholders

On September 18th, UnionPay International announced that global users can enjoy a seamless payment experience when shopping in mainland China. In this article, we will introduce new offline payment experience for international users and UnionPay prepaid cards for enhancing global online shopping convenience.

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Alipay’s 2023 new international version!

Alipay, the popular Chinese payment platform, has just introduced its new Alipay International Version at the 2023 Partner Conference, held on August 17th. Silkpay is excited to delve into the possibilities of this transformative move to empower European businesses to drive their expansion and prosperity.

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