Standard Chartered completes mobile wallet collection for Juneyao Airlines

Standard Chartered Bank (China) has successfully completed a mobile wallet collection solution for Juneyao Airlines, a Shanghai-based carrier.

Juneyao Airlines is the first Chinese carrier to integrate collection channels with an international bank for its online sales via WeChat.

Li Bing, CFO of Juneyao Airlines, says, “Chinese consumers are more digitally connected and many of our passengers purchase tickets on the websites and mobile applications, or from WeChat accounts. Juneyao Airlines receives payments from multiple channels and has to maintain numerous accounts to see whether the payments and reports have arrived.”

Jean Lu, head of global banking, Standard Chartered China, says, “Digital and mobile payments offer a convenient and instant way of transferring and receiving money. To provide convenience to customers, an increasing number of enterprises, in particular B2C companies like Juneyao Airlines, are taking their business online.”

Photo: Triple Tree/Wikipedia

Date

24 Aug 2017

Channel

Treasury

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