Worldline [Euronext: WLN], a global leader in payment services, has signed a strategic partnership agreement with YeePay, a leading Chinese third-party payment provider specialising in the airline and travel sector.
This landmark alliance combines Worldline’s extensive global acquiring network and leadership in European aviation payments with YeePay’s deep expertise in China’s travel payment ecosystem. Together, the companies will offer a comprehensive one-stop payment solution, enabling seamless cross-border transactions for international carriers operating in China and Chinese airlines expanding their global presence.
Now that YeePay is connected to Worldline’s acquiring network, airlines and travel businesses will be able to benefit from simplified payment processes, accelerated settlement, and full compliance with both Chinese and European regulations. Airlines and travel businesses on Worldline’s Global Collect platform will also gain improved operational efficiency, reduced costs, and a superior payment experience for their customers.
Travellers, in turn, will be able to pay using their preferred methods, whether local card schemes, international credit cards, or digital wallets, reducing friction and supporting the growth of cross-border air travel.
The market potential is considerable. Cross-border tourism in China has already returned to 80 per cent of pre-pandemic levels. It continues to rise, driven by new visa-free entry policies and an increasing number of international routes. This partnership provides a cross-border payments solution, enabling Chinese carriers to reach international markets and international airlines to access China with ease, underpinned by Worldline’s global network and YeePay’s local know-how.
Biljana Bosnjak, VP Travel & Hospitality at Worldline, commented: “This partnership with YeePay marks an important step in strengthening our footprint in one of the fastest-growing aviation and travel markets in the world. By combining our global network with YeePay’s unrivalled local expertise, we are creating a new benchmark for cross-border payments that benefits airlines, merchants, and travellers alike.”
Yu Chen, Co-founder of YeePay, commented: “Joining forces with Worldline allows us to extend our capabilities and support both Chinese and international carriers with faster, safer, and more efficient transactions. Together, we are building solutions that will not only serve the aviation sector but also address future needs across hotels, OTAs, and wider travel industries.”
This partnership marks a milestone for cross-border travel payments in China. It opens the door to broader cooperation as Worldline and YeePay explore new use cases across the travel industry.