SaaS (Software as a Service) has shown strong upward trends in recent years, and is predicted to increase at an exponential rate. In 2015, sales of SaaS products are $8 billion, $12 billion in 2016. Research analysts forecast a growth to $16 billion in 2017, and till 2026, it will reach amazing $55 billion by continued growth year over year.
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.
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
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%.
Since 1981, Computex has been the world’s leading B2B ICT/IoT (Internet of Things) trade show.
This year more than 1600 exhibitors from 30 countries will show you newest innovation products, technologies and forecasts.
As an Android POS Leader, Sunmi will be here to bring you the revolution of payment solutions and commercial equipments.
We design and manufacture smartest payment devices: Sunmi P1, which combines mobile POS applications and mobile payment systems .
Sunmi P1 helps China step into “Cashless Society” cause it could accept all payment method: Bnak card, NFC, QR code payment.
Want to know how we change life, come and meet us at:
1F Nangang commercial solution zone, booth K1101 (May 30-June 3, 2017)
Can’t wait to see you there.
These days we just brodacast on our youtube channel our last video about Sunmi T1. Introducing SUNMI T1, an Intellegent Android POS device which take care of all your retail needs, en help your enhance your daily base business.
Sunmi T1 is probably the most advanced android based cash register available today on the market. Sunmi T1 will go in 3 different versions,
Some accessories like 3G SIM slot and NFC card reader can also be add to your Sunmi T1 units. All Sunmi T1 units can be manage on Sunmi Cloud platform, which is our own MDM, Mobile Device Mangment platform.
“Enjoy cutting edge technology for retail with Sunmi T1“
“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.
The world’s leading retail exhibition Seamless 2017 is upon us (19~20 April)
We are one of the exhibitors; we have prepared a huge booth, where we will be presenting some of our revolutionary & exciting products, such as Sunmi V1, T1 & P1 for Retail, Payment & E-Commerce.
Come visit us at booth no. (D-14) & Experience the Change.
