Standard Chartered Completed Mobile Wallet Collection for Juneyao Airlines

Published on 2017-09-08

1st Chinese Carrier integrated collection channel with an international bank for online sales via WeChat.

22 Aug, 2017, Shanghai - Standard Chartered Bank (China) Limited ("Standard Chartered China") announced that the Bank had successfully completed mobile wallet collection for Juneyao Airlines, a Shanghai-based carrier operating both domestic and international services. Juneyao Airlines becomes the first Chinese carrier to integrate collection channel with an international bank for its online sales via WeChat. 
 
Li Bing, CFO of Juneyao Airlines said, “We aim to expand internationally as growth in China’s outbound tourism market outpaces domestic tourism. 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. Standard Chartered mobile wallet solution greatly improves our cash management by simplifying the collection process effectively.” 
 
Jean Lu, Head of Global Banking, CIB China, Standard Chartered China, said, “Digital and mobile payment offers a convenient and instant way of transferring and receiving money. To provide convenience to customers, an increasing number of enterprises, in particular B to C companies like Juneyao Airlines, are taking business online. In the meantime, they are confronted with an ever-growing list of payment service providers and multiple legal contracts. Standard Chartered therefore launched this solution to offer a single gateway to connect their multiple payment channels and meanwhile consolidate and report all the receivables timely. Many clients from airline, manufacturing, logistics, FMCG, automotive and education industries have reached us for this solution.” 
 
Established in 2006, Juneyao Airlines Co. Ltd as a POE full service airline has secured the leading position in the specifically market focuses on mid to high end customers for business and leisure purposes. By June 2017, Juneyao and its subsidiary Nine Air has reached a fleet size of 74 and flies over 100 routes, covering over 65 China domestic cities and international cities.