Omnichannel payment processor’s objective is to enable corporates to collect payments “wherever people pay”. This means that they have to keep adding payment networks and solutions to their omnichannel solution. Some of the latest examples of this expansion by the omnichannel payment solution providers are reviewed below.
Adyen, the Dutch payment processor which offers a global multichannel outsourced payment solution now supports the WeChat Pay* network in China which unlocks 300 million mobile Chinese shoppers for global businesses. This is possible without having to have a local branch or entity in China.
Adyen has an end-to-end infrastructure connecting directly to Visa, MasterCard, and 250 other payment methods, delivering frictionless payments across online, mobile, and in store.
The key piece of the Adyen offering is that it covers not only e-commerce, but also purchases at point-of-sale, and in-app transactions.
dLocal, a company specializing in payments in emerging markets, with a platform for seamlessly and safely collecting and sending payments to over a billion consumers in 14 countries, supporting over 130 local payment methods, all with a single integration. Are now expanding into several countries in Asia-Pacific.
* Along with Alipay and UnionPay, WeChat Pay is rapidly becoming a keystone payment method for businesses wanting to reach Chinese shoppers, both home and abroad. Originally a messaging app (like WhatsApp) WeChat has evolved into a social network, a communication platform, and work collaboration tool, and then entered the world of payments started as a peer-to-peer money exchange service, which really hit the big time when it became a primary method for the giving of ‘red envelopes’ during Chinese New Year, processing 8 billion red envelopes in 2016.
CTMfile take: Recent research shows that consumers often prefer local payment systems. For global multi-national corporation the omnichannel payment provider is a practical and cost-effective solution.
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- This item appears in the following sections:
- Payments - Receipts
- Regular Bill Payments from Businesses
- Regular Bill Payments from Consumers
- Payments - Receipts at POS
- Card Payments at POS
- Collecting Payments on the Internet
- Collecting Payments via Mobile
- Payments - Disbursements
- International Payments
- Paying Suppliers