Digital River Inks Payments Agreement with Online China Travel Leader Ctrip
MINNEAPOLIS — Sept. 16, 2015 — Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced that it signed a payments agreement with one-stop travel service provider Ctrip. One of China’s leading travel agents, Ctrip is using the Digital River World Payments solution to process credit cards, including Visa, Mastercard and UnionPay on its Singapore site at http://www.ctrip.sg/. Later this fall, Ctrip intends to extend the Digital River solution to its Korean site to support local credit card transactions and wire transfers.
“By working with Digital River, we intend to advance our international strategy for travelers on the go,” said Mandy Mi, Ctrip’s finance settlement supervisor. “Drawing on Digital River’s global payments capabilities, we can scale our online channel to support growing transaction volumes while delivering even more convenience for our customers.”
Today, Ctrip provides more than 141 million registered members with comprehensive travel services. These services include mobile applications, hotel reservations, flight ticketing, package tours, corporate travel management, train ticketing and a destination guide, each integrated with online and offline resources for a complete travel service chain.
“With one of China’s leading online travel websites, Ctrip has become one of the best-known travel brands in the country,” said Hayden Reed, Digital River’s senior vice president and general manager of Digital River World Payments. “China’s travel sector continues to see accelerated growth. Backed by our leadership position in the payments marketplace, we look forward to helping Ctrip advance their online travel offering and raise their global profile.”
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours, corporate travel management and other travel-related services in China. It is the largest online consolidator of accommodations and transportation tickets in China in terms of transaction volume. Ctrip enables business and leisure travelers to make informed and cost-effective bookings by aggregating comprehensive travel-related information and offering its services through an advanced transaction and service platform consisting of its mobile apps, Internet websites and centralized, toll-free, 24-hour customer service center. Ctrip also helps customers book vacation packages and guided tours. In addition, through its corporate travel management services, Ctrip helps corporate clients effectively manage their travel requirements. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.
About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s cloud-based commerce, payments and marketing services to manage and grow their online businesses. In 2014, Digital River processed more than $35 billion in online transactions, connecting B2B and B2C digital products companies and branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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