CANCAN together with WorldFirst have announced the launch of a payments and marketing platform that enables the two most popular Chinese payments methods – Alipay and WeChat Pay – across Europe and around the world.
CANCAN’s platform handles and facilitate promotions and payments instore, in-app and online, and reconciles a variety of payment methods and payment gateways in a single, unified backend system. They say that by using CANCAN’s system, merchants are able to attract more customers to their retail offers, speed up the payment and reconciliation process and reduce transaction costs.
With over 1 billion Mainland Chinese users for WeChat Pay and 550 million for Alipay, the two mobile wallets dominate 98% of the payments market for Chinese consumers. CANCAN already enables payments in China, Asia, Australia and North America.
It’s great to be a part of another world first. We’re passionate about making it easier and faster to move money around the world, and our partnership with CANCAN does just that. Together, we’re making it easier for Chinese consumers to use their preferred payment method of choice around the globe and it’s great to bring our cross-border expertise and technology to this partnership to help merchants get paid faster too. We are also working on enabling other new payment methods together, so this is just the beginning.
– Nick Aston, Chief Enterprise Officer, WorldFirst