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The Future of Payments report published by Raconteur included an infographic showing how China is far ahead of the rest of the world when it comes to mobile payments. You can read the report by following the URL here: https://www.raconteur.net/report/payments-2023/ With Planet Intelligence data showing Chinese tourists returning to Europe in ever-increasing numbers, it’s clearly important for retailers to offer Alipay and WeChat Pay. But it’s no longer enough to cater just for Chinese spenders. That’s because shoppers from The Republic of Korea, Taiwan, Singapore, Thailand and Hong Kong now make up 15.8% of the European Tax-Free market, compared to China with an 11.1% share. That’s where Alipay+ offers a solution. It makes it easy for merchants to cater for the wide variety of payment preferences by bringing together many of the digital wallets in use across Asia into a single connection for POS and online payments. Talk to us today to learn more about how we can help you benefit from Alipay+ to attract and convert more Asian shoppers and guests as they return to Europe this summer.
Planet will accelerate its growth strategy with a new investment from Advent International, one of the largest and most experienced global private equity investors. Advent has agreed to co-ownership with Eurazeo, a leading global investment company. Advent and Eurazeo share a common vision for the business – to accelerate Planet’s existing strategy, deliver new innovations to customers faster, and further develop Planet’s position as a global leader in integrated payments. Jeff Paduch, Managing Partner of Advent, said: ”In today’s vertical payments landscape, it is rare to find a business with such a unique proposition and diversified product suite. Together with Eurazeo, we are excited to help Planet realise its full potential and accelerate its ambitious growth strategy.”
International Women's Day is a global day celebrating the social, economic, cultural and political achievements of women. The day also marks a call to action for accelerating gender parity. At Planet, one of our core values is we celebrate differences. Differences and diversity can take many forms from gender, age, ethnicity, disability, education and experiences among many others. We have strong foundations already in place, and a thriving culture operating in over 70 markets across five continents. Women account for 46% of our global workforce. This #IWD we're launching Women at Planet. A key priority of this initiative is to address how we attract and develop diverse talent and build a stronger pipeline of female leaders. Take a look at this blog post, written by our CFO Jamie Keir for more detail.
Planet to acquire 3C Payment, creating a world-leading value added payments service provider
