RiverPay Inc., an integrated payments and marketing platform to connect Chinese consumers with overseas merchants and an authorized payment service provider of AliPay and WeChat Pay, recently marked its first anniversary of partnering with top luxury brands including Prada and Dolce&Gabbana since early 2018 by providing China’s prevailing mobile payment options for the brands’ retail stores across North America and Europe. The cooperation has expanded RiverPay’s presence in luxury retailing and strengthened world-renowned brands’ access to the lucrative outbound Chinese consumer market.
China has been the world’s largest outbound travel market since 2012 and China alone accounts for one-quarter of all international tourism expenditure. The payment methods most Chinese travelers prefer are mobile-based apps Alipay and WeChat Pay, services that together account for 90% of all China’s mobile payment transactions. RiverPay is now facilitating the access to AliPay and WeChat Pay for consumers in all Prada and Miu Miu retail stores in North America, and Dolce&Gabbana brand stores in both North America and Europe.
“We are honored to witness the successful partnership with top luxury brands over the past year, and to become one of the primary choices for retailers seeking to welcome Chinese consumers with availability of AliPay and WeChat Pay as payment options,” said Ryan Zheng, Co-founder and CEO of RiverPay. “Through integrating with RiverPay, the brand stores would not only enjoy fast and convenient payment solutions, but also tap a huge market fueled by thrilling purchasing power of Chinese consumers. The instant and obvious surge in Chinese consumers and sales growth have been the best demonstration.”
RiverPay offers payment technology and settlement services which can be integrated into merchants’ existing cashier systems in almost real time, as well as marketing solutions bringing Chinese consumers into the door.
About RiverPay (www.riverpayment.com)
RiverPay is an integrated payment and marketing platform to connect Chinese consumers with overseas merchants. As an authorized payment service provider of Alipay and WeChat Pay, RiverPay offers both technology solutions and settlement services to allow Chinese consumers to pay in CNY and merchants to receive USD, CAD, GBP, EUR, and more. RiverPay currently serves over 12,000 merchants across North America and Europe, including Saks Fifth Avenue, HBC, Selfridges, Holt Renfrew, Harry Rosen, Brook Brothers, Prada, Dolce&Gabbana, Tiffany and Co, De Beers, Aldo, and MaxMara.
SOURCE RiverPay Inc.