Adyen, the payments platform of choice for the world's leading companies, today rolled out WeChat Pay, one of the most popular mobile payment apps in China, allowing Adyen merchants to offer WeChat Pay on their point of sale (POS) terminals worldwide. This is a key addition to Adyen's unified commerce solution. Since 2016, consumers have been able to buy goods online using WeChat Pay through the Adyen platform; now, they can do the same in brick-and-mortar stores.
The addition of WeChat Pay means that Adyen merchants can now accept payments from China's three largest payment providers, including Alibaba's Alipay and China UnionPay (UPI). WeChat has 1.3 billion users, 400 million of whom use WeChat Pay for either paying friends (P2P payments) or purchasing a product.
"We are thrilled to announce that Adyen now offers all three major Chinese payment methods on our clients' POS terminals worldwide," said Roelant Prins, chief commercial officer, Adyen. "This capability allows our merchants to cater to this incredibly important and large customer base as they travel abroad. After November's record-breaking Singles' Day sales, it's more important than ever for retailers to find ways to allow Chinese consumers to make purchases with their payment method of choice."
China's new buying power is driven by several key trends:
Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers' globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L'Oreal.