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How Chinese mobile payments is going global ?

While mobile payments have been off to a slow start in most of the Western world—even the rollout of EMV chip payments in the United States is far behind schedule—China has become the melting pot for mobile payment solutions.

Sunmi-partner of WeChat Pay and Alipay

The mobile payment space has become fiercely competitive, with both market leader Alibaba and messaging giant WeChat scrambling for valuable market share. However, what was once a strictly domestic affair has expanded abroad, with China’s mobile payment providers now battling for Chinese tourists’ mobile payments on the global stage.

For overseas destinations, hotels, retailers, restaurants, and tourist attractions, this makes the Chinese payment landscape a lot more complicated than it used to be. Until recently, accepting payments through the Chinese government-backed UnionPay interbank network used to be the gold standard for payments made by Chinese tourists. Indeed, updating the points of sale terminal (POS) to accept UnionPay and slapping a UnionPay sticker on the front door was all that was needed to reach the forefront of Chinese payment implementation.

Which hardware to support Chinese mobile payments global expansion ?

The good news is that, given the fierce competition between WeChat Pay (Tencent) and Alipay (Ant Financial  Alibaba Group ), Chinese mobile payment providers are now doing their best to rapidly expand overseas by implementing a wide range of local partnerships. As partner of Wechat Pay and Alipay, Sunmi plays a key role in the business expansion.

First Data (NYSE: FDC), a global leader in commerce-enabling technology, and Alipay, one of the world’s leading online payment platforms, today announced that North American businesses will be able to accept the mobile payment service and expand Alipay’s already significant business base. First Data will implement Alipay at the point-of-sale for its four million U.S. business clients.

Citcon, an integrated mobile payment and marketing platform to connect global merchants with Chinese travelers, announces partnership with WeChat, China’s leading mobile social communications service with 846 million active users run by Tencent Holdings. As the first payment partner of WeChat in North America, Citcon will enable millions of businesses to accept WeChat Pay, one of China’s most popular mobile payment methods.

Now merchants will be able to accept WeChat Pay via Citcon’s smart mobile point-of-sale (Sunmi V1), easy-to-integrate API and software products and optimize growth both online and offline, with an easy and affordable rate compared to credit card processing.

 

Source:
Technode
FirstData
Citcon
Alizila

 

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Baidu Takeaway get a strategic partnership with Sunmi Tech

Baidu Takeaway

In O2O business it’s well known that Baidu Takeaway company,  called in Mainland China  ” Baidu Wai Mai ” had a Strategic Cooperation with Sunmi Tech since June 21th, 2016.

Baidu Takeaway intends to optimize user experience and order process at partner restaurant, as well as improving the loyalty of merchants, through unprecedented hardware equipment.

As an innovation-based enterprise with 20 years of experience in the development and manufacture of Android POS products, SUNMI developed highly secure Android operational systems specifically developed for intelligent commercial scenes. Through this system, merchants can not only receive orders, but can also download apps to meet diverse needs, such as queuing, reservations, verification, cashiering and membership management. This cooperation made Sunmi one of  the best partner of Baidu Takeaway.

After 11 month, it  have been proved to be a right decision. There are 194 million Food Delivery customers in China now, and market  in Q1, 2017 reach USD 12.9 billion.

As one of the top three food delivery platforms in China (Baidu Takeaway, Meituan, ele.me), since using Sunmi V1, Baidu Takeaway  is the fastest delivered food delivery company in China according to end users. Furthermore customer using rate of Baidu Takaway increase to 63.6%.

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India’s Digital payments to grow three-fold in 2017

“India’s Digital payments to grow three-fold in 2017”

(The digital payments market is expected to grow to five million electronic point of sale (PoS) machines in 2017)

The infrastructure of digital payments in India is expected to increase three-fold by the end of 2017 with almost five million electronic point of sale (PoS) machines,use of PoS machines in the country has already doubled since the government’s demonetization move. India had about 1.5 million electronic PoS (machines) last year. In the last four months since demonetization, this number has doubled and today three million PoS users in the country.”

As India moving towards cashless economy, become a part of the drive, 

*Add the picture of last year digital transaction with this article.

*Sources: Reserve Bank of India, Ministry of Information & Electronics, NCPI & Ministry of Finance.