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Dutch Yaband Media has acquired Avaintec Payment’s WeChat Pay mobile payment business

16 October 2019
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Yaband Media has acquired 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 Yaband Media’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 Yaband Media 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, Yaband Media
l.kong@yabandmedia.com
+316 8791 7284

 

Pekka Kuosmanen
CEO, Avaintec Payment Oy
pekka.kuosmanen@avaintec.com   
+358 50 520 3727

 

Yaband Media is a digital new media company, fully financed by Dutch telecommunication company Yaband Telecom B.V. It provides comprehensive digital marketing solutions for European enterprises. As the leading cross-border payment solution supplier of WeChat Pay and Alipay in Europe, Yaband Media has integrated WeChat Pay and Alipay into a complete payment solution package, including online payment, in-store payment, App payment, QR code payment etc. More info: www.yabandmedia.com