E-commerce grew 20% for Costco in fiscal 2015—20 times faster than store sales.
Company establishes office in Shanghai and announces plans for further expansion in Beijing, Japan and Australia to support regional customer growth.
Hoofddorp, The Netherlands – 19 March 2013 – GlobalCollect, the world’s premier payment service provider, announced the further expansion of its Asia Pacific operations with the opening of their Shanghai office. The new GlobalCollect office is located in the prestigious Shanghai International Finance Center (IFC) the heart of Pudong’s Lujiazui financial trade zone. In addition, the company also announced its plans to expand to the Chinese capital, Beijing, as well as into Japan and Australia. These offices are in addition to the regional headquarters opened by GlobalCollect in Singapore in 2008.
The expansion into the People’s Republic of China is in support of GlobalCollect’s commitment to customer advocacy and its mission to deliver outstanding customer service.
“Business in China is driven by Guanxi ”关系”, the cultural concept of connections and networks. Opening offices in Shanghai and Beijing enables GlobalCollect to get closer to our customers and foster stronger relationships than supporting them from afar.” said Mark Patrick, GlobalCollect’s general manager for the Asia Pacific region. “Chinese companies will benefit from our ability to quickly take them global with our proven payment platform and specific expertise in the travel, retail and gaming markets, among others.” Other than PayPal and GlobalCollect, no other major global payment service provider has established a physical operation within China.
GlobalCollect is the preferred payments partner for hundreds of international Tier 1 brands including regional companies like Air China, Hainan Airlines, Lightinthebox, DHgate, DinoDirect and SmartBuyGlasses.com Optical Group. GlobalCollect contributes to the growth of these companies through its broad global portfolio of more than 150 local payment methods, enabling transactions in more than 170 countries around the globe through a single contract and technical interface. For Chinese consumers, GlobalCollect offers the ability to purchase products from foreign companies using local payment methods like Alipay, 99Bill and China UnionPay.
While Europe and the U.S. have already reached a high level of maturity in e-commerce, most of the Asia Pacific region is still very much in a developmental state. With nearly two-thirds of the world's population residing in Asia and internet and mobile access growing exponentially, the opportunity for growth is unmatched globally. In 2011, China's domestic online payment volume alone exceeded USD350Billion, with cross border payments exceeding USD9Billion.
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GlobalCollect is the world's premier Payment Service Provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. While most providers limit their services to a technical link with payment acquirers, GlobalCollect is a full service partner consulting clients on how to increase transaction volumes, expand distribution channels, and reduce costs by streamlining back office processes.
Through a single-interface online payment platform, we offer access to an unrivalled portfolio of local and international payment methods in over 170 countries and 170 currencies, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices. For more information please visit: www.globalcollect.com and follow us on:
For further information, please contact:Christopher Schouten
Senior PR & Marketing Manager
Mob. +31 612 911093