Nexio has expanded with alternative payment methods into China
Nexio has expanded its global reach with alternative payment methods into China with connections to Alipay, WeChat, and China Union Pay.
OREM, Utah, March 12, 2020 /PRNewswire-PRWeb/ -- Nexio, a payment processing hub, has expanded its global reach with alternative payment methods into China with connections to Alipay, WeChat, and China Union Pay. Over 90 percent of people in China's largest cities use WeChat and Alipay as their primary payment method, with cash second, and card-based debit/credit a distant third. While most countries have switched from cash to credit cards and now to mobile payment methods, China has moved from cash directly to mobile payments.
Alipay is a mobile and online payment app developed in APAC region. Alipay has created its own e-wallet system and is one of the preferred methods of payment in China. Nexio's integration allows non-merchants the opportunity to reach these consumers through this connection.
WeChat Pay works like a wallet on mobile phones and it has a QR code payment options as well. With one billion Chinese consumers using the WeChat platform even offline payments are being transacted through WeChat Pay.
Union Pay is the only domestic bank card organization in China. International merchants do not need a physical presence or bank account in China to conduct business. China has the largest card network in the world with 7.6 billion cards. Nexio enables merchants to accept Union Pay.
With these popular payment integrations, Nexio continues to offer merchants more global payment options through the Nexio payment hub.
About Nexio:
Based in Orem, Utah, USA, Nexio is a highly advanced, extremely dependable payment hub. The main payment engine is a modular and scalable platform that enables integrated payment solutions to be deployed in domestic and international markets. This is accomplished by successfully decreasing fraud, securing multiple transaction types, leveraging tokenization solutions and properly managing PCI and EMV compliance. Nexio integrates with solution providers in specific vertical markets.
The payment hub was built with a modern technology stack in a modular and agile form so that it can integrate with legacy technologies as well as accommodate newer solutions that extend to the marketplace in innovative ways. The dashboard's ease of use and configurability quickly give CFO's and other business managers information they can act on to manage and change the business metrics and trends needing attention.
SOURCE Nexio
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