Retail and hospitality payments software provider Veea Inc. is partnering with cross-border mobile payments provider Citcon to allow businesses using Veea services in the U.S. to accept Alipay and WeChat Pay mobile payments.
With Citcon operating as a third-party processor allowing cross-border transactions, retailers will be able to accept the Chinese mobile wallets through VeeaPay at point-of-sale terminals or through mobile apps.
The retailers can also promote their venues through the VeeaConnect platform, and consumers using the Veea mobile app can locate merchants that accept Alipay and WeChat Pay.
It has become increasingly common for tech developers and investors alike to support methods that aid retailers in accepting payments from Chinese tourists, most of whom are likely to have Alipay or WeChat Pay apps on their phones.
“Each year, the U.S. receives millions of visitors from China who spend billions of dollars on goods and services,” Allen Salmasi, CEO of Veea, said in a press release. “The partnership with Citcon is an important part of Veea’s efforts to create a robust platform for retailers and restaurants that drives engagement and substantially enhances the customer experience."
Enabled through the VeeaConnect mobile app or VeeaPOS, VeeaPay allows merchants to process payments while having access to full reporting and analytics tools. VeeaConnect also provides management tools of staff communication, bookings and targeted marketing.
“Chinese consumers traveling internationally want to have the ability to pay for goods and services in the method that is comfortable, convenient and familiar to them," Wei Jiang, chief operating officer and president of Citcon, said in the release.
"This partnership with Veea is an important step forward in bringing Alipay and WeChat Pay to merchants in the U.S.,” he added. "By accepting these mobile payment types, merchants are opening their doors and engaging with the significant number of Chinese consumers traveling internationally every year and now have the potential to reach a previously untapped audience.”