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YabandPay has acquired Finland Avaintec Payment’s WeChat Pay mobile payment business

YabandPay has acquired Finland AvainPay, a WeChat Pay mobile payment business by Avaintec Payment Oy.

The acquisition strengthens YaBand’s position as a provider of AliPay and WeChat Pay payment solutions in Europe.

Mobile payments solutions keep growing in popularity. With WeChat Pay, Chinese consumers can make payments quickly and conveniently in RMB, directly from the all-inclusive WeChat app.

AvainPay has already gained a solid position in the Finnish market, and therefore offers a great opportunity for a strong market entry into Finland.

Through the acquisition, Yaband will attain Avaintec Payment’s WeChat Pay mobile payment solution along with all its customers.

“It’s a win-win cooperation, as Finnish market is an important puzzle for YabandPay’s European market strategy. Avaintec Payment’s already paved the way in promoting Chinese mobile payment in Finland, and now we are pleased to announce this strategic takeover and will offer the best WeChat Pay and Alipay integration service. What we can offer is more than payment, but the marketing behind it, which helps the Finnish merchants to penetrate into the huge Chinese market,” says YabandPay CEO Haibo Feng.

“We are glad that Avaintec Payment’s mobile payment business has found a new European home that is able to offer a broader range of services to our customers. This acquisition benefits customers also because Yaband provides all popular Chinese mobile payment solutions anywhere in Europe from one single channel,” says Avaintec Payment CEO Pekka Kuosmanen.

More information

Lingxin Kong
Director of Business Development, YabandPay
l.kong@yabandpay.com
+316 8791 7284

[16-10-2019]

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