How Brands Can Successfully Target Gen Z in China
eCommerce market
eCommerce market
eCommerce market
Integrate with China’s leading payment apps, WeChat Pay and Alipay
China represents a multi-billion pound opportunity for British retailers, but its consumers don’t use familiar payment methods.
That’s why we developed a cross-border solution that integrates China’s most popular payment apps into your existing checkout process.
The result? Your Chinese customers use the digital payment channels that they’re familiar with, while you receive payments through the channels that you’re familiar with.
The set-up is easy, fast, and safe, allowing you to join the 20 million merchants already offering this trusted payment option.
Need marketing support? We can help you position and promote your business in China with PyxHub’s marketing services.
That’s why we developed a cross-border solution that integrates China’s most popular payment apps into your existing checkout process.
The result? Your Chinese customers use the digital payment channels that they’re familiar with, while you receive payments through the channels that you’re familiar with.
The set-up is easy, fast, and safe, allowing you to join the 20 million merchants already offering this trusted payment option.
Need marketing support? We can help you position and promote your business in China with PyxHub’s marketing services.
More Than Just The Leading Cross-Border Payment Provider
Safe, secure and immediate. PyxPro simplifies payments so that you can focus on your business. Our tools are intuitive and user-friendly, so no additional resources are needed. As the world gets smaller, we help make yours bigger with our full-service social media and digital marketing services.
PyxPro Payments
Chinese-centric payment solutions that create seamless payment experiences.
PyxHub Marketing
A full-service data and results-driven agency specialising in Chinese digital marketing.
Fast paperless onboarding is as easy as 1, 2, 3...
1
DOWNLOAD OUR APP
The PyxPro App is available to download for free on both iOS and Android platforms, via the App Store and Google Play links below.
2
COMPLETE THE APPLICATION
We use the latest digital technology to ensure your identity and document verification is completely friction-free.
3
SIGN DIGITALLY TO COMPLETE
We use a secure electronic signature system to complete the process. It’s simple, fast and most importantly, safe.
Real-time, business-critical reporting
Detailed, downloadable Received Payments, Capture and Refunds reports, as well as high-level analytic overviews, which contain all of the necessary transaction KPIs.
General Questions
What’s the difference between Alipay and WeChat Pay?
For consumers, both platforms offer a similar payment experience as they both use QR codes to complete a payment. While Alipay is purely a payment app, though, WeChat Pay is a payment feature that is integrated into the WeChat app. With more than 1.2 billion monthly active users as of the last quarter of 2020, WeChat has become one of the most widely used mobile products in the world.
Why should I integrate with PyxPro?
China's e-commerce market is the biggest in the world, but its payments methods are unlike those used in the West. Of China's $650 billion-odd worth of transactions, less than 1% is completed with an international card such as Visa or Mastercard. Instead, more than 70% are completed with Alipay, WeChat Pay and China UnionPay. Of those, WeChat Pay and Alipay are the dominant players, with more than 90% of the market share.
How does PyxPro settlement work?
When a customer completes a payment, the amount will be allocated to PyxPro’s partner settlement bank. There is no uncertainty or risk to merchants due to fluctuating exchange rates. After instantly collecting the payment from PyxPro’s partner, WeChat Pay or Alipay then buys foreign currency on the same day according to the spot rate that the settlement bank provides. As soon as PyxPro’s partner bank receives the money from WeChat Pay or Alipay, the amount settles to the merchant’s bank account.
What are the settlement times using PyxPro?
Settlement to our merchant customers is on a T+2 basis. This means that transactions that take place on Monday will be deposited in your bank account on Wednesday (subject to being usual business days in the respective countries).
What are PyxPro's transaction limits?
We do have certain limits on transaction amounts. These limits vary by the size and type of merchant, and also by the size of the average transaction.
How long does it take to install and set up PyxPro?
We can get you set up within 5 working days after your account is approved, but it's often faster.
What is PyxPro's processing rate?
Good news - our relationships with Alipay and WeChat Pay means that our processing rates are among the lowest available anywhere. Please get in touch to find out more about what we can offer you.
Is it free to integrate with PyxPro?
Yes. For our standard integration, we don’t charge any set-up or maintenance fees. You just pay a flat processing fee per transaction, based on its value.
Do you charge fees for the foreign exchange conversion?
Unlike traditional payment processors, we don't charge fees for foreign exchange, statements, withdrawals or billing. Our flat rate is based on transaction volume and is taken at source, so you won’t ever have to deal with an invoice from us (chargebacks on cancelled transactions may incur nominal charges).
Of the three payment methods, can I pick which to use?
You can select which payment method(s) are right for you based on the style of your business, product offering and target market.
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Just when you’ve mastered millennial appeal, along comes Gen Z and their unique demands, expectations and tastes. Taking the time to tailor a business strategy with this market in mind can mean tapping In China, Gen Z is a distinctively new consumer segment that is on track to represent the next wave of the country’s domestic growth. Considered to be those born between 1996 and 2010, Gen Z make up about 15% of China’s population . Only 15%, you might think… but only 15% in China is actually more than 210 million people. And they love to shop. “China accounts for the highest share of Gen Z household spend at 13% compared to only 3% for the UK and 4% for USA,” says Veronica Wang , Associate Partner, OC&C Strategy Consultants. “These...
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The lucrative Chinese e-commerce market is now easy to reach with our industry-leading payment and marketing solutions.