Mobile payments specialist CANCAN announced on Monday it has teamed up with international payments specialist WorldFirst to launch payments and marketing platform that enables Chinese payments methods Alipay and WeChat Pay across Europe.
Founded in 2015, CANCAN enables payments and promotions globally through its omnichannel platform, which handles and facilitates promotions & payments instore, in-app and online, and reconciles a variety of payment methods and payment gateways in a single, unified backend system.
According to CANCAN, the ability to offer both Alipay and WeChat Pay simultaneously to Chinese tourists is a boon for merchants. it was reported that with more than 1 billion Mainland Chinese users for WeChat Pay and 550 million for Alipay, the two mobile wallets dominate 98% of the payments market for Chinese consumers.
“CANCAN already enables payments in China, Asia, Australia and North America, and now merchants operating in Italy and across Europe are set to benefit from this global experience and expertise.”
CANCAN also reported the new service is being launched in Italy in Dufrital, part of duty-free operator Dufry Group and will be available at locations across Italy. Candice Koo, Managing Director of CANCAN, stated:
“CANCAN and WorldFirst are excited to be the first company to offer an integrated solution for both wallets in Italy, in the same way we offer global merchants a single integration that covers payments across China, Asia, Australia, North America and Europe.”
Nick Aston, Chief Enterprise Officer at WorldFirst went on to add:
“It’s great to be a part of another world first. We’re passionate about making it easier and faster to move money around the world, and our partnership with CANCAN does just that. Together, we’re making it easier for Chinese consumers to use their preferred payment method of choice around the globe and it’s great to bring our cross-border expertise and technology to this partnership to help merchants get paid faster too.”