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VeryPlanet is an overseas merchant promotion enabler for issuing banks and leading online travel booking platforms (OTA) in China. VeryPlanet is also an omni-channel processor of cross border transactions for both China UnionPay (CUP) cards and domestic eWallets for both brick-and-mortar and online merchants. We bridge issuers or leading OTAs in China with overseas merchants, helping promote and drive upper and middle-class Chinese tourists towards those stores and websites.

Our team at VeryPlanet consists of industry experts and professionals from major ISO, acquirer and PSP in China and Europe. Our team is experienced in handling hundreds of billions of transaction volume per year and has nearly 20 years of international business experience. Headquartered in Hong Kong, VeryPlanet is also registered in China and Thailand, with offices in Shanghai, Hangzhou and Bangkok.

  • VeryPlanet is the omni-channel processor of China issued cards and domestic eWallets for overseas merchants
  • VeryPlanet is a fulfillment partner for issuing banks and leading OTAs for overseas promotion programs, bridging overseas merchants and Chinese cardholders by automatic redemption at POS terminal end
  • VeryPlanet is a transaction booster for overseas merchant by driving traffic from China via on going promotion programs
  • VeryPlanet is an enabler of cross border Card Not Present payment for overseas online merchants selling into China
  • VeryPlanet is set to become the cross border O2O platform for upper and middle-class tourists traveling out of China

China is the single largest contributor to the world tourism market since 2012, 120 million Chinese tourists crossed borders in 2015, an 11% increase over 2014. Outbound Chinese travelers are poised to become an even more powerful force within the next 5 years. Despite concerns that economic slowdown, currency devaluation, and stock market fluctuations will shrink Chinese traveler’s demand for international shopping and travel, new research projects that total spending by outbound Chinese tourist-shoppers will jump 23% to surpass USD 200 billion in 2015, and will more than double within the next 5 years to USD 422 billion. Chinese tourists will move from sightseeing to seeking out local experiences, from shopping luxury or middle class brands to lifestyle - if they feel welcome and offered products and services satisfying their specific needs and expectations. During the Golden Week of October 2015, Chinese abandoned Hong Kong and rushed into Japan and Korea for shopping and sightseeing. The top 10 destination countries are Thailand, Japan, Korea, Taiwan, Singapore, Hong Kong, USA, Indonesia, Malaysia and Australia. Welcome China should be not only slogan of your business but also a mindset!

Fueled by a growing middle class in China, strong demand for international education and overseas real estate, and easier and longer tourist visas, the rate at which Chinese travelers have ventured abroad continues to increase. North America and Europe will be more popular in the coming years. The top 10 emerging destinations for Chinese tourist in 2016 are forecasted to be Canada, Mauritius, Iceland, Nha Trang (Vietnam), Tasmania (Australia), Czech, Dubai (UAE), Cook Islands (New Zealand), Macau, Seychelles.

  • Chinese tourists spent USD 165 billion when traveling outside of China in 2014, 50+ billion dollars more than US tourists! The gap is becoming bigger in the coming years.
  • The year-on-year growth of international travellers from China is 11%, with109 million travellers in 2014 and 120 million travellers in 2015. (Data Source: China National Tourism Bureau)
  • Only 6% of Chinese citizen hold passport, the growth potential is huge (Data Source: China Confidential (Subsidiary Institute of FT))
  • A total of 2.2 Million Chinese visited the US in 2014, spending USD $23.77 Billion
  • 9 out of 10 Chinese tourists shop in the US, on average spending USD $10,800 per person (Data Source: The National Travel and Tourism Office (USA))
  • As of the end of October 2015, over 4.28 million Chinese tourists went to Japan, 112.9% growth over 2014, average spending is JPY 281,000 (USD 2,500), nearly JPY 100,000 higher than average spending of tourists from other countries.(Data Source: Japan National Tourism Organization)
  • As of 13th January 2016, China’s No. 1 OTA Ctrip (NASDAQ: CTRP) reports that over 60% of FIT (free independent traveler) choose international travel products and forecasts that there will be 6 million travellers going abroad during the golden week of Spring Festival holiday.

Hong Kong:
45/F, The Lee Garden, 33 Hysan Avenue, Causeway Bay, Hong Kong
T: +852-3960 6573 F: +852-3180 2299 M: +852-6118 8046

Hangzhou:
Suite C601-604, Jinjiang Times Building, 217 Wujiang Road, Hangzhou Zhejiang 310016, China
T: +86-571-8685 2909 F: +86-571-8685 2909 M: +86-186 5883 7700

Phuket:
88/8, 88 Land & House Phuket ,Chaofa West RD, Chalong, Phuket 83000
T: +66-20172905 F: +66-20172701 M: +66-620 130365

Bangkok:
30/F, Bhiraj Tower, 689 Sukhumvit Road (Soi 35), Klongton Nuea, Vadhana, Bangkok, 10110, Thailand
T: +66-20172905 F: +66-20172701 M: +66-620 130365

Email: info@veryplanet.com

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