Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Make it easier to sell to the growing Chinese market

Media release

Make it easier to sell NZ services and products to the growing Chinese market – Smartpay

Kiwi businesses who have adopted a new payment system allowing Chinese buyers to pay in their own currency are already seeing a return, says Smartpay ..

And Mark Unwin, General Manager Products and Marketing of New Zealand’s largest eft-pos supplier, is encouraging other merchants to make sure they don’t miss out on sales using China’s leading card scheme, UnionPay.

Last year Chinese UnionPay executives signed an agreement with the New Zealand Tourism Board, which included a commitment to promote New Zealand as a tourist destination to all its card holders.

Mark Unwin says the numbers speak for themselves in terms of the benefits of accepting this card online or in-store, with an estimated 3.1 billion UnionPay cards in circulation.

“We know the Chinese buyer is comfortable buying services and products online from other sites overseas, spending an impressive NZ $15.12 billion last year, and forecasts show this is only going to rise. Stats show that Chinese buyers are particularly comfortable buying health and food supplements and milk powders online, which should be of interest to the New Zealand market.”

He says it’s not only about making it easier for those making purchases from home, but also for the Chinese tourist visiting New Zealand.

“Chinese tourists spend about $700 million a year in New Zealand. Again this is expected to increase with Chinese visitor numbers expected to double to 400,000 over the next four years.”

Mark Unwin, says research shows that buyers like the certainty of buying in their own currency without additional conversion fees.

“Consumers don’t like hidden costs or surprises and they value the opportunity of making their purchases with a familiar payment system. We’ve talked to merchants who are early adopters of this service and they are telling us they are seeing an increased interest from the Chinese market. “

UnionPay cards are China’s number one payment card and are also issued in more than 30 other countries, including in New Zealand’s other growth tourist markets such as Japan, South Korea and South East Asia.

[ends]


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Retail: International Websites To Pay GST

New rules would be aimed at imported goods valued at or below $1,000. Customs would retain responsibility for collecting GST on imported parcels valued more than $1,000. More>>

ALSO:

High-Level Advice: PM’s Business Advisory Council Membership Announced

The Prime Minister’s Business Advisory Council brings together a mix of experts, six women and seven men with small to large business experience, from across New Zealand, to provide advice. More>>

ALSO:

Improving: Report Shows New Zealand Air Quality 'Good'

Our air 2018, produced by the Ministry for the Environment and Stats NZ, shows that while some previously known issues persist, progress has been made and levels of some pollutants are declining. More>>

ALSO:

Greenpeace: Govt Extends OMV Exploration Permit

The Government has just granted oil giant OMV a two-year extension to drill in the Great South Basin, despite issuing a ban on new oil and gas exploration permits in April. More>>

ALSO:

Collective Bargaining For Contractors: Working Group's Model For Screen Sector

A recommended model to allow collective bargaining for contractors in the screen sector has today been unveiled by the Government-convened Film Industry Working Group. More>>

ALSO:

Kauri Dieback: DOC Closing Tracks To Protect Trees

The Department of Conservation will close 21 tracks across kauri land to help prevent the spread of kauri dieback. An additional 10 tracks will also be partially closed and the open sections upgraded... More>>