Posts tagged Digital payments
From traditional to smart: the modernization of POS terminals

In this article, we will delve into the development history of POS terminals, the current types, and introduce our Silkpay’s latest wireless POS terminal product—the PAX A920Pro. We hope to provide merchants with a more intelligent and efficient payment solution.

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The impact of cross-border digital payments on the merchant’s global strategy

Cross-border digital payments are not just a technical means but a key component of an enterprise global strategy. This article explores the current situation of cross-border digital payments and the impact on enterprise global strategy.

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European eCommerce key insights and how to take advantage of them

In 2024, Europe's eCommerce market will generate $745 billion in sales, projected to reach $955 billion by 2028. This growth, driven by high internet penetration, highlights the need for businesses to adapt. Discover key trends, payment preferences, and how Silkpay’s solutions can help merchants thrive.

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How payment systems can facilitate market entry in new countries

Explore how efficient payment solutions facilitate international market expansion by managing cross-border transactions, enhancing customer experiences, and overcoming challenges like regulatory compliance and currency volatility.

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Embracing the digital wallet era: Payment opportunities for merchants

Embracing the digital wallet era, merchants can transform their payment systems, enhancing customer satisfaction and driving growth. Digital wallets offer unmatched convenience, security, and promotional benefits, making them essential for modern businesses.

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Alipay drives a significant increase in overseas consumption during the Spring Festival

Alipay sees a remarkable surge in overseas consumption during the 2024 Spring Festival, with transactions abroad surpassing pre-pandemic levels by 107%. Explore how Silkpay enables merchants to leverage this trend, offering seamless Alipay integration for enhanced revenue and customer engagement in the global market.

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Alipay and Wechat Pay embrace Visa and Mastercard integration

The integration of Visa and Mastercard with Alipay and WeChat Pay marks a transformative leap for the global digital payments landscape. For tourists exploring China or engaging in international transactions, this integration provides a seamless and secure cashless experience. In addition, for European and American merchants, adopting these payment methods opens the door to the vast Chinese market and a wider international customer base.

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UnionPay is rapidly increasing its payment acceptance network in Europe

This cooperation marks UnionPay International’s efforts in the global payment field, especially in the European market. Cooperation can help improve the payment experience and support the recovery of the global payment market and the construction of a digital acceptance environment.

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Embracing digital payments: A vital step for US businesses

The digital shift for businesses is crucial, offering efficiency, loyalty, and security despite challenges. It's a strategic necessity in the evolving US business landscape. Silkpay facilitates this with diverse payment solutions, helping businesses access global markets. Their flexibility suits businesses of all sizes in the changing commerce landscape.

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Tencent unlocks WeChat Pay network for international users!

Tencent's move to unlock WeChat Pay for international users marks a big step in global mobile payments. In this article, we will explore how this transformative step can empower businesses worldwide. What is the process for foreign users to bind their cards with WeChat Pay? What does this change mean for overseas merchants?

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Will Chinese tourists be back to Europe soon?

As the summer season approaches, the relief of travel restrictions gives hope to merchants who have closed their doors for so long. Many are waiting for the return of the world's highest spenders. When will Chinese tourists return to Europe? And how should merchants welcome the 60 million consumers who are willing to travel outside of China once the restrictions are lifted?

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