Recently, Airwallex officially announced a strategic cooperation with Discover Global Network, aiming to comprehensively expand global card payment acceptance options and bring more convenient and diverse payment experiences to global merchants and consumers. This powerful collaboration will set off a new wave of transformation in the payment field.
According to the cooperation agreement reached by both parties, a large number of merchants under Airwallex will henceforth be able to accept card payments from Discover Global Network, covering the well - known Discover card and the influential Diners Club International card in the international market. Moreover, this cooperation will also be deeply deployed in several important regions, including Australia with strong economic vitality, the European region with a mature financial system, Hong Kong, China, one of the international financial centers, Singapore with rapid development of financial technology, and the United Kingdom with a long - standing financial history. In these regions, both parties will jointly launch customized payment solutions to meet the unique needs of different regional markets.
For example, in Australia, with the booming development of the e - commerce market, consumers' demand for the convenience and diversity of payment methods is increasing day by day. The cooperation between Airwallex and Discover Global Network enables local merchants to access a wider range of payment channels, effectively reducing the shopping cart abandonment rate caused by limited payment methods. There was once a local Australian fashion e - commerce enterprise. Due to a single payment method, about 15% of potential orders were lost. After accessing diverse payment channels, its order conversion rate has significantly increased. This cooperation is of great significance for enhancing the customer checkout experience. Consumers can easily complete payments with their preferred bank cards, greatly optimizing customer satisfaction.
As a leading financial platform for global modern enterprises, Airwallex has always been committed to providing safe and efficient comprehensive financial solutions, covering multiple fields such as payment, fund management, expenditure management, and embedded finance. Through its independently developed advanced infrastructure, Airwallex has successfully overcome many problems in global payment and financial operations, reducing transaction costs and payment friction. This not only creates new development opportunities for enterprises but also injects strong impetus into the internationalization process of enterprises. For instance, a Chinese cross - border e - commerce enterprise, with the help of Airwallex's payment solution, successfully expanded into the European market, and its overseas sales increased by 30% within one year.
Discover Global Network has achieved remarkable results in expanding the payment acceptance scope. It has always been committed to building bridges for enterprises, enabling them to reach the growing global card - holding population. Through its extensive network layout and high - quality services, Discover Global Network occupies an important position in the global payment market.
It can be learned from the official press release that Airwallex's core goal is to continuously optimize the customer payment experience, carefully create various practical tools to promote payment for enterprises, and fully support multiple payment methods. This strategic cooperation with Discover Global Network fully demonstrates the firm determination and common commitment of both parties to expand payment acceptance capabilities globally. By integrating the superior resources of both parties, it will help enterprises break through geographical limitations, successfully expand into international markets, and then promote the rapid growth of their businesses. In the future, Airwallex and Discover Global Network will also continue to focus on the ever - changing market demands, consumer preferences, and user needs. While actively innovating, they will strictly ensure compliance with relevant industry laws and regulations, contributing to the healthy development of the global payment market.
