Paymentwall, an online payment platform, expanded its presence in China since the establishment of a Beijing office on Apr. 29, 2015, with more than 60% of major digital players in China already integrated into the platform, including Tencent, NetEase, Huawei, Qihoo360, Youzu among others.
The rise of partnerships resulted from the Beijing Paymentwall team’s efforts to expand, and of China’s online local market’s demand for a reliable payment platform to sell virtual goods to an international market. Paymentwall integrated with over 130 payment methods to provide partnered businesses in China access to any of 180 countries in the world, without being limited by regulations placed on cross-border transactions.
Paymentwall allows businesses in China to tap into global regions by offering alternative payment methods. Whether it’s Paysafecard in Europe, Onecard in the Middle East, Boleto in Brazil, Sofort in Germany, Credit Cards in United States, or mobile carrier billing solution like Mobiamo in the Southeast Asia region, Paymentwall covers them all.
The increase in partnerships was expected as early as five years ago, when Paymentwall first introduced its services in China. Total processed payments from the international market grew by 200% each year. The large spike of transactions from the customers around the world attracted Chinese businesses to partner with Paymentwall, with more joining every year. The outstanding growth meant that a local office needed to be opened, considering that more than 20% of businesses operating with Paymentwall come from China.
The timely opening of the Paymentwall Beijing office provides faster and better services for Chinese customers. The Beijing team is composed of business development specialists, technical engineers, and customer support staff. Chinese merchants can reach out to the local office to learn more on how Paymentwall can help their business grow with more payment options to be integrated onto their businesses, and for help in further expanding and reaching out to new clients on a global landscape.
Paymentwall Inc. is the leading global payment and content distribution platform for a wide range of digital goods and online services. Paymentwall partnered with over 130 payment methods worldwide to offer global payments coverage for users in 200 countries and territories with credit and debit cards, mobile payments, e-wallets, bank transfers and prepaid cards. Paymentwall is headquartered in San Francisco, USA with 10 more offices around the globe.