AMSTERDAM, NETHERLANDS - Media OutReach - 10 October 2019 - Ingenico Group (Euronext: FR0000125346 - ING), the global leader inseamless payment, is transforming how international ecommerce companies operate in China. Byintroducing a suite of payment methods that fully caters to the preferences oflocal consumers, Ingenico will enable online businesses to gain better accessto one of the world's most significant online markets.  

As 82% of the localChinese population are unique mobile users, Ingenico has partnered with leadingmobile payment platforms, Alipay and WeChat Pay, as well as with local cardscheme UnionPay.

Ingenico is one ofthe very first international payment service providers (PSP) to support all usecases for WeChat Pay, including the capability to integrate into WeChatOfficial Accounts and Mini-Programs. This is a crucial advantage that allowsthe 1.1 billion WeChat users to complete their purchase without leaving theWeChat environment.

Additionally,Ingenico offers an upgraded Alipay integration to its customers, enabling thesebusinesses to reach the vast majority of online consumers in China, while also allowingthem to offer real-time payments, both on desktop and mobile devices.Furthermore, Ingenico supports UnionPay's (UPI) SecurePay and ExpressPaysolutions as part of a comprehensive payment solution designed to cater to agreater range of local payment preferences in China. Through Ingenico, merchants can offer Chinese Yuan (CNY) toconsumers via these payment methods, which is critical for conversion andcustomer experience. 

The new China is a huge opportunity for western businesses. It is theworld's largest and most dynamic ecommerce market and a pioneering force indigital and mobile culture. In total, it has an internet penetration rate of 57%,representing 25% of internet users worldwide. However, it is a more challengingmarket to operate in than many others, as the unique domestic ecommerce ecosystem often demands specificsolutions tailored to local preferences.

"Our long-time presence and activity inChina means that we are perfectly positioned to partner with merchants wantingto access the truly local consumer market. Our expertise here, combined withthis new set of payment capabilities, will allow international merchants toreach Chinese consumers that were previously difficult to access," explains Gabrielde Montessus, SVP Global Online (Retail BU) for Ingenico Group."Our merchants will be able to offer all the relevant local Chinese paymentmethods in local currency denomination as part of their digital experience, whichwill help increase conversion."

To learn more about Ingenico's offer for China visit ingenico.com/china.

About Ingenico Group

Ingenico Group (Euronext: FR0000125346 -- ING) is the global leader inseamless payment, providing smart, trusted and secure solutions to empowercommerce across all channels, in-store, online and mobile. With the world'slargest payment acceptance network, we deliver secure payment solutions with alocal, national and international scope. We are the trusted world-class partnerfor financial institutions and retailers, from small merchants to several ofthe world's best known global brands. Our solutions enable merchants tosimplify payment and deliver their brand promise.

Stay in touch with us:

www.ingenico.com

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