Digital River Secures Payments Deal With Chinese Travel Co.

Commerce-as-a-Service player Digital River has signed a payments deal with Chinese travel company Ctrip, the duo said in a press release on Wednesday (Sept. 16).

Under the terms of the deal, Ctrip will use the Digital River World Payments platform to process credit cards, which will include a roster spanning UnionPay, Visa and MasterCard, with transactions processed across Ctrip’s Singapore site. In addition, Ctrip said that later this fall the company will bring the Digital River platform to its Korean operations, also to support credit payments.

Ctrip, which was founded in 1999, said it has more than 141 million registered members who use its travel services, which include corporate travel management, hotels, package tours and trains across both online and offline venues. Chinese tourism, both within the country and beyond, is growing, as Boston Consulting Group recently estimated that Chinese tourists are expected to make up about 40 percent of outbound Asian travelers, accounting for 1.7 billion trips by 2030.

In a statement accompanying the release, Mandy Mi, who supervises Ctrip’s finance settlement operations, said that “by working with Digital River, we intend to advance our international strategy for travelers on the go. Drawing on Digital River’s global payments capabilities, we can scale our online channel to support growing transaction volumes while delivering even more convenience for our customers.”

[bctt tweet=” Digital River has been expanding its global reach in recent months. “]

Digital River has been expanding its global reach in recent months. In July, the company said that it was linking with Payoneer to bring international payments to merchants across the supply chain and to customers. And in June of this year, Digital River said it would work with aCommerce to help businesses in Southeast Asia to launch sales operations online.

To check out what else is HOT in the world of payments, click here.


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

Click to comment