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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Ingenico Group    ING   FR0000125346

INGENICO GROUP

(ING)
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Ingenico : upgrades payment integration with Alipay, WeChat Pay in China

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10/10/2019 | 03:46pm EST

Ingenico Group said it launched a suite of payment methods for international e-commerce firms operating in the Chinese market. 

Ingenico, based in Amsterdam, said that the company is working with Chinese mobile wallet platforms like Alipay, WeChat Pay and UnionPay. 

"Our longtime presence in China means that we are perfectly positioned to partner with merchants wanting to access the truly local consumer market," Gabriel de Montessus, senior vice president, global online at Ingenico, said in a company release. "Our expertise here, combined with this new set of payment capabilities, will allow international markets to reach Chinese consumers that were previously difficult to access."

Ingenico said it is one of the first international payments firms integrate with WeChat Official Accounts and Mini-Programs, which allow the 1.1 billion WeChat users to complete purchases in the app without leaving the WeChat environment. 

Ingenico said it offers an upgraded integration with Alipay to offer real-time payments on desktop and mobile. It also supports UnionPay's SecurePay and ExpressPay.

Cover image courtesy of Ingenico.
 

Copyright © 2019 Networld Media. All rights reserved., source Industry News

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Financials (EUR)
Sales 2019 3 378 M
EBIT 2019 476 M
Net income 2019 243 M
Debt 2019 1 440 M
Yield 2019 1,33%
P/E ratio 2019 28,0x
P/E ratio 2020 23,9x
EV / Sales2019 2,32x
EV / Sales2020 2,13x
Capitalization 6 413 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 98,89  €
Last Close Price 102,85  €
Spread / Highest target 6,95%
Spread / Average Target -3,85%
Spread / Lowest Target -22,2%
EPS Revisions
Managers
NameTitle
Nicolas Huss Chief Executive Officer & Director
Bernard André Joseph Bourigeaud Chairman
Michel-Alain Proch Chief Financial Officer
Paula Felstead Chief Technology Officer
Xavier Moreno Independent Non-Executive Director
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