While it may not be the most flashy part of a website, ecommerce could not exist without the payment processing section.
There are many different payment services available for companies to employ but unfortunately no service is used by all consumers. For companies to have the best probability at selling the most products and services they need to leverage a payment service with the most registered users.
Zooz, an online payment technology provider, aims to help companies receive as many purchases as possible with their new partnership with Alipay, a popular online payment service in China.
This partnership allows companies that leverage Zooz to be able to receive and process payments from the 300 million registered users of Alipay. In fact, according to an iResearch report titled "2014 China Online Payment User Report" Alipay dominated the among third-party online payment platforms with users leveraging the platform an astounding 83.8 percent of the time when paying with a third-party platform.
"In the global marketplace, acceptance of a local payment method can dramatically impact a retailer's business," said Oren Levy, CEO of Zooz. "This partnership with Alipay confirms our commitment to helping our retail customers compete on the international playing field."