Worldline and YeePay have entered into a strategic alliance aimed at enhancing cross-border payment solutions within China’s aviation and travel sectors.

The partnership will leverage Worldline’s broad global acquiring network, particularly its experience in European aviation payments, alongside YeePay’s extensive understanding of the Chinese travel payment landscape.

This collaboration is expected to deliver an integrated and secure payment service that can cater to both international airlines operating in China and Chinese airlines expanding their reach globally.

Initiative Details

The initiative promises simplified payment procedures, expedited settlements, and adherence to the regulatory requirements of both China and Europe. Additionally, it aims to increase operational efficiency for businesses using Worldline’s Global Collect platform, ensuring cost savings and a seamless experience for customers.

Travelers will have access to diverse payment options, including local cards, international credit cards, and digital wallets, facilitating smoother cross-border travel experiences. Both companies will remain committed to addressing the evolving needs of their clients while maintaining regulatory compliance.

The market opportunity is significant, with cross-border tourism in China recovering to 80% of pre-pandemic levels. This trend is bolstered by new visa-free policies and an expanding number of international flight routes. The partnership will support Chinese carriers in accessing global markets more easily and enable international airlines to tap into the Chinese aviation market.