RiverPay to enable Alipay & WeChat Pay transactions in North America
Category: #retail  By Pankaj Singh  Date: 2019-04-05
  • share
  • Twitter
  • Facebook
  • LinkedIn

RiverPay to enable Alipay & WeChat Pay transactions in North America
  • Chinese consumers spent $18 billion on 3.2 million excursions to the U.S.
     
  • 8.2 percent of the total overseas travel to the U.S. is accounted by Chinese travelers.

Canada-based payment solution company RiverPay Inc. has announced that it has started facilitating payments through WeChat Pay and Alipay. The facility has been made available at Brooks Brothers brand stores in key North America travel destinations including the brand’s flagship store on Madison Avenue in New York.

According to AP News, RiverPay’s partnership with oldest clothier in America will accelerate presence of RiverPay into North American luxury fashion sector. The efficient and secure in-store payments devices of RiverPay can support QR codes scanning system of Alipay and WeChat. This function of RiverPay resulted in fast integration of its devices into Brooks Brothers’ current cashier system at more than a dozen high-traffic stores. This will boost the ability of Brooks Brothers to capture fast growing and lucrative Chinese outbound tourism market.

The pilot program was keenly designed to impact highest traffic stores and premium outlets of Brooks Brothers before fully rolling it out. The clothier sees highest traffic among Chinese consumers, including San Francisco, New York city, British Columbia, Los Angeles, Seattle, Las Vegas, Boston and, Hawaii and Vancouver.

According to reliable sources, in 2017, Chinese consumers have spent $18 billion on 3.2 million excursions to the U.S. Whilst 8.2 percent of the total overseas travel to the U.S. is accounted by Chinese travelers. The selected cities for Brooks Brothers and RiverPay’s initial roll out are the top destinations visited by Chinese Travelers, cited reliable sources.

According to the Nielsen Survey, in 2018, cash was overhauled for the first time as more than 69 percent of the Chinese travelers made payment through their mobile phones while abroad. Approximately 32 percent of the total transactions were mobile transactions on the most recent trips of Chinese Travelers. It was also noted that retailers supporting familiar payment tools to Chinese consumers for transactions can increase sales and foot traffic by 60 percent.  



About Author

Pankaj Singh

Email: [email protected]   

Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More News By Pankaj Singh

British Land agrees to sell 12 retail superstores for £429 million
British Land agrees to sell 12 retail superstores for £429 million
By Pankaj Singh

The transaction is expected to be completed by the end of May.

British Land Company plc reportedly expects receiving net proceeds of about £95 million from it...

Reliance Retail considering the acquisition of toys giant Hamleys
Reliance Retail considering the acquisition of toys giant Hamleys
By Pankaj Singh

87 of the 130 stores that Hamleys has across the globe are located in India and Reliance plans to add more stores in the country in 2019.

Reliance Retail, India&rsq...

Medbelle raises €6 Mn in Series A funding round for digital hospital
Medbelle raises €6 Mn in Series A funding round for digital hospital
By Pankaj Singh

Medtech startup Medbelle is reportedly building the first-ever digital hospital in the world, designed to supports patients through every step, starting from signup to aftercare. As per trusted sources, more than 30,00...