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NewPay App

Mar 14, 2024

NewPay Streamlines Cross-Border Payments

With the continuous acceleration of globalization, cross-border payments have become an indispensable part of people's daily lives. As leading enterprises in China's mobile payment sector, WeChat Pay and Alipay have achieved remarkable success in the Chinese market. Today, NewPay has embarked on deep cooperation with WeChat Pay and Alipay+, making cross-border payments simpler and more convenient through integrated payment solutions.

Since becoming the official WeChat Pay and Alipay+ acquiring institution in Laos, NewPay has fully launched both offline and online acquiring services. Transaction volumes are expected to grow by 83%, daily active users by 75% year-on-year, and monthly active users by 90%. Additionally, the number of merchants and partner institutions is projected to increase by 135% and 37%, respectively, compared to the previous year.

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