17 January 2021

China’s payment ecosystem - made simple for your business!

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When it comes to efficiency and velocity, China is undoubtedly a leader. People in China make mobile payments daily.


China is becoming cashless as days pass. People pay via mobile, and the two main mobile payments systems are Alipay and WeChat Pay. When you try to hand over cash or use a credit card, they will ask you why you are not using WeChat.

 

Ecosystem of payment

This ecosystem of mobile payment is a success in China due to the rise of e-commerce and m-commerce. This method of payment via mobile is fast, easy, and straightforward.

If you are selling in the market for B to C in China, it is crucial that you adopt the payments methods that are popular among the Chinese.

The two main payment methods are, as mentioned above, Alipay and WeChat Pay. In order for your company to use these payment systems, you have to first register a company in China.

In fact, in China, you can really leave your home only with your phone. If you start a business in China, you can pay all your bills instantly via mobile. Your clients also can buy your product or services in an instant.

Thus, if you want to sell on online platforms in China, it is crucial that you use the payment systems that the Chinese use the most.

 

Register a company in China

It is easy inexpensive and does not take a long time to set up a company in China. This is something that we recommend so that 1. You can start receiving payments in China through Alipay and WeChat Pay and 2. the Chinese can easily buy your products and services.

If you need more information about this topic, need help to set up a company in China and setting up a payment solution so that you can receive payments from your customers in China, please contact us. 

 

Responsible for company registrations and online payment solutions in China:

Jan Erik Christensen

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: +47 90814756


#ecosystem #payment #mobile #method #ecommerce #fast #sales #China #Alipay #WeChatPay

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