YeePay serves all Chinese commercial airlines and major travel agencies. Wirecard and YeePay will cooperate to provide payment processing services to these customers outside of China. The Chinese travel payment company reported a transaction volume in airline and travel of EUR 34 billion in 2018, with nearly all transactions being online-based, according to the official press release.
As a result of the partnership, the companies will leverage their payment technology and licenses to give current and new customers of YeePay a convenient and regulatory checkout process. Travel agencies, airlines and consumers outside of China will benefit from this service offering.
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