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

 

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

March 2017: Commerce Commission Delays Decision On Fairfax-NZME

The Commerce Commission has delayed its decision on the proposed merger between NZME and Fairfax Media's New Zealand assets, saying the deal is complex and it needs more time to assess the impact on both news content and the advertising market. More>>

ALSO:

Plan Plan: Permanent Independent Hearings Panel Proposed For Planning

The Productivity Commission recommends creating a permanent independent hearings panel like the one that cut through local politics to settle Auckland’s Unitary Plan, for the whole country. More>>

ALSO:

Statistics: NZ Jobless Rate Falls To 5.1% Under New Methodology

New Zealand's unemployment rate fell more than expected in the second quarter as Statistics New Zealand adopted a new way of measuring the labour market to bring the country in line with international practices, and while a growing economy continued to support jobs growth. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news