Worldline and YeePay have announced a strategic partnership to unlock cross-border payment opportunities in China’s aviation and travel landscape.
Following this announcement, the partnership will combine Worldline’s extensive global acquiring network and expertise in European aviation payments with YeePay’s deep expertise in China’s travel payment ecosystem.
The initiative is set to enable the companies to offer a comprehensive and secure one-stop payment solution, as well as provide efficient cross-border transactions for international carriers operating in China and Chinese airlines expanding their global presence.
More information on the Worldline x YeePay collaboration
According to the official press release, the initiative will enable airlines and travel businesses to benefit from simplified payment processes, accelerated settlement, and full compliance with both Chinese and European regulations. At the same time, airlines and travel businesses on Worldline’s Global Collect platform are also set to gain improved operational efficiency, reduced costs, and an optimised payment experience for their customers.
Travellers, in turn, will have the possibility to pay using their preferred methods, whether local card schemes, international credit cards, or digital wallets, while reducing friction and supporting the growth of cross-border air travel as well. Both companies will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the industry as well.
In addition, the market potential is considerable, as cross-border tourism in China has already returned to 80% of pre-pandemic levels and it continues to rise, driven by new visa-free entry policies and an increasing number of international routes. This partnership is set to provide a cross-border payments solution that will enable Chinese carriers to reach international markets and international airlines to access China with ease, underpinned by Worldline’s global network and YeePay’s local know-how.
