Thursday, June 7, 2012

TenPay develops in overseas shopping market


Third-party payment of the license to publish the first anniversary of the news that the fourth installment payment of a license will be officially released in June, already has a license payment companies in the country staking their credit card processing gateway claims and then began to enter the paid outside of the market.

Recently, the country's leading third-party payment companies TenPay announced the world's leading electronic payment provider Cybersource Asiapay reached a strategic cooperation with the around the world hundreds of thousands of enterprise customers and payment solutions quickly layout of the global payments market provide convenient and safe overseas shopping experience for Chinese consumers. The same time, TenPay entered into a collaboration with Bonjour and other well-known beauty and health products retail chain, this cooperation will make it to the mainland consumers directly through TenPay account to use yuan to buy discount brand-name merchandise outside.

It is understood that with the gradual improvement of appreciation of the renminbi and cross-border logistics, more and more consumers are no longer satisfied with domestic shopping, turning to overseas, including the performance of the luxury goods sector. Mostly higher than the price of domestic luxury brand the country, more and more people outside the luxury online shopping. According to MasterCard research report, the cross-border online shopping market in China presents a yearly basis doubled trends, is expected to reach 18 billion yuan in 2012, China Overseas online shopping market in 2015 will be close to 50 billion yuan.

It is based on the increase in domestic demand for cross-border online, third-party payment companies outside the layout of the action started to increase.

Tenpay person in charge of Securities Daily reporter in an interview said: "the outside TenPay payment business development, global resources integrated self-expansion" simultaneously, suppliers with the Cybersource, Asiapay, cross-border payments services cooperation and quickly grafting global business resources; while speeding up the pace of expansion of independent, and gradually to cooperate with foreign large-scale shopping site to provide the perfect payment solution for the users of cross-border shopping. "

However, for consumers, the payment part of the overseas shopping needs RMB to foreign currency translation, is very complicated application procedures, and outside the shopping site is mostly not Chinese, the security risks faced by consumers in time to open the relevant page or link more difficult to identify. In addition, when customers buy foreign products payment is often required to pay the dollar, euro and pound sterling and other foreign currency hoplink risks are also less easy to identify.

By third-party payment platform outside the shopping, not only removed from the troubles of the dollar against foreign currencies, currency conversion fee savings and the poor to purchase foreign exchange point exchange costs, and security protection, greatly enhance the user experience of overseas shopping. Bonjour website to buy cosmetics through TenPay directly use the RMB to buy foreign currency price of goods, payment procedures and internal network share the same, is not only convenient but also quality assurance. "TenPay product manager said so.

In addition to Hong Kong Bonjour TenPay is accelerating the expansion of global business. Currently the outside TenPay business from Hong Kong, and gradually expand to Southeast Asia, Japan and South Korea, Europe, America and other countries, business scope covers cosmetics, designer clothing, bags, jewelery, baby products industry. "In the future there will be more foreign merchants access TenPay the so that it can provide more for more mainland users, the more favorable offshore online shopping businesses to choose."

Relevant people in the industry, said the rapid
merchant processing development of cross-border online shopping prompted domestic third-party payment to beachhead paid outside of Blue Ocean, to provide one-stop financial settlement solutions to the domestic buyers and overseas sellers, it will completely solve the cross-border online transactions the flow of funds to further enhance cross-border online consumer experience, the biggest benefit is the domestic cross-border online shopping users and outside business.

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