SafeCharge Signs Goldmoney to Expand Online and Mobile Deposit Options

The list of payment options includes digital wallets that dominate consumer spending in China.

Online payment processor SafeCharge has signed a deal to serve as the preferred payment partner of Canadian fintech company Goldmoney, adding 16 payment options to facilitate access of its pool of mobile users to vaulted gold, silver, platinum and palladium.

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Goldmoney, which operates a global, 100%-reserved gold-based financial network, will use SafeCharge’s customised deposits system ‘Payments Engine’ for its online offering, including a range of alternative payment methods, multiple currencies and languages, and fraud prevention services.

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The list of payment options includes WeChat Pay, Alipay, SEPA, UnionPay, which are digital services that dominate consumer spending in China. This presents an untapped opportunity to open the vast Chinese consumer market as Alipay, which is managed by Alibaba affiliate firm Ant Financial, counts over 500 million users, while WeChat Pay, the digital payment feature within China’s top chat app WeChat, claims more than 600 million users.

Commenting on the deal, Goldmoney COO Paul Mennega said: “We continue to build upon our unrivaled savings and payments platform, and add payment methods and functionality to accommodate clients in every corner of the globe. We’re pleased to continue to work with SafeCharge, a leading agile and innovative payments service partner, to further expand our global reach and cross-border payment solutions. By integrating Alipay and WeChat Pay, we’ve made it easier for hundreds of millions of mobile-first consumers and businesses to deposit into a Goldmoney Holding. We will soon launch our Apple Pay integration, further reducing friction between the platform and global money and payments systems.”

SafeCharge COO Yuval Ziv added: “Offering an optimal payment method mix is crucial when it comes to achieving success in e-commerce. By integrating key payment methods such as Apple Pay, WeChat Pay and Alipay, companies such as Goldmoney expand their payments portfolio to better serve tech savvy mobile customers.”

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