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Citcon Expanding Business into Europe by Bringing Popular Chinese Mobile E-Wallets

European merchants can now take advantage of additional revenue streams from Chinese travellers

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Citcon, Mobile, E-Wallets
Citcon has set out a plan to facilitate European merchants to increasingly adopt some of the most popular Chinese mobile payment tools such as WeChat Pay. PIxabay

US-based mobile payment solution provider Citcon is expanding its business into Europe by bringing popular Chinese mobile e-wallets there with an eye on growing Chinese tourists, the company has said.

Citcon has set out a plan to facilitate European merchants to increasingly adopt some of the most popular Chinese mobile payment tools such as WeChat Pay, Alipay and China UnionPay that are currently used by hundreds of millions of Chinese customers, Xinhua news agency on Tuesday quoted Arlene Go, a Citcon official responsible for marketing communications, as saying.

European merchants can now take advantage of additional revenue streams from Chinese travellers, who are now the largest spenders and the fastest growing traveller segment in Europe, according to the company headquartered in Santa Clara, California.

“Chinese tourism is booming in Europe and we are proud to promote a smart lifestyle by providing travellers access to the digital wallets they prefer,” said Chuck Huang, Citcon Founder and CEO.

Citcon, Mobile, E-Wallets
US-based mobile payment solution provider Citcon is expanding its business into Europe by bringing popular Chinese mobile e-wallets. Pixabay

Huang said the surging influx of Chinese tourists into Europe in recent years has presented an opportunity for retailers in the region to “offer the lifestyle that travellers demand”.

Citcon is a cross-border mobile payment and commerce solution provider and a partner of Alipay and WeChat Pay in North America.

In March, it helped the Chinese Consulate General in San Francisco launch electronic payment for its consular services including passport and visa processing for Chinese customers who are accustomed to doing transactions with WeChat Pay or Alipay back in China.

Citcon said its transaction volume and merchant base has grown 10 times since it was founded in 2015.

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The company hopes to expand to 50,000 merchant partnerships across all major metropolitan cities in the US, Canada and Europe by the end of 2019. (IANS)

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Above 6 Million 5G Network Subscribers in South Korea, Reveals Govt Data

South Korea reached 634 million 5G users in April

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South Korea
5G network subscribers in South Korea reach 6 million. Pixabay

More than six million South Korea people were subscribed to 5G mobile networks as of April, a year after the country adopted the service, government data showed on Monday.

The number of 5G users in South Korea reached 634 million as of the end of April, up 7.8 per cent from a month earlier, according to the data compiled by the Ministry of Science and ICT.

The nation’s three carriers — SK Telecom Co., KT Corp. and LG Uplus Corp — rolled out the commercial 5G network last April and have aggressively promoted their new service for premium smartphones.

South Korea
SK Telecom Co., KT Corp. and LG Uplus Corp — rolled out the commercial 5G network last April. Pixabay

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SK Telecom’s 5G customers accounted for 45 percent as of April, trailed by KT with 30.3 percent and LG Uplus with 24.7 percent, the ministry said.

The number of mobile subscribers between 2G and 5G came to 69.35 million as of the end of April, reports Yonhap news agency. (IANS)

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YouTube Rolls Out ‘Video Chapters’ Features to Help Desktop, Mobile Users

Users will find it easy to skip content that is irrelevant to them with such videos organised by chapters

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YouTube
YouTube starts rolling out video chapters feature on desktop, mobile and tablets. Pixabay

YouTube has started rolling out its video chapters features with the aim of helping its users on desktop, mobile or tablets to focus on the portions that matter the most to them.

The feature will also allow creators to better organise their content. It is expected to be particularly of great help for long-form videos.

With such videos organised by chapters, just like a book, users will be able to skip some portions that they may find irrelevant.

“The Video Chapters feature is officially here,” the YouTube Twitter handle for creators said on Thursday.

“When Chapters are enabled, viewers watch more of the video, and come back more often on average,” it added.

YouTUbe
The feature will also allow creators to better organise their content. Pixabay

The video chapters feature was soft launched by YouTube in April, The Verge reported.

YouTube users on desktop would know if the video they are watching has chapters when they hover the mouse over the bar that indicates video progress.

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This bar will have breaks to indicate the end of one chapter and beginning of another. Hovering over these little breaks will also tell you the name of the chapters.

The same applies to users of other mobile devices as well. But YouTube’s phone app will trigger a haptic buzz the moment a user reaches the next chapter.

On other mobile devices, such as tablets, where haptic feedback is not available, when a user lifts his/her finger off the screen, the video progress bar will automatically snap to the beginning of a new chapter, said the report. (IANS)

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Samsung Says its Mobile Demand May Drop Sharply Due To Economic Downturn

The overall market demand fell significantly quarter-on-quarter and the company's smartphone shipments also declined in the first quarter

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Samsung
Samsung said it will continue to offer differentiated products in the premium segment with the launch of new foldable and Note models. Pixabay

Samsung Electronics on Wednesday said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter.

The overall market demand fell significantly quarter-on-quarter and the company’s smartphone shipments also declined in the first quarter. The Samsung IT and Mobile Communications Division posted KRW 26 trillion (nearly $21.6 billion) in consolidated revenue and KRW 2.65 trillion ($2.1 billion) in operating profit for the first quarter of 2020.

“However, the company maintained sound profitability by improving the product mix, increasing the sales portion of 5G models and using marketing expenses efficiently during the period,” the south Korean giant said in a statement.

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In particular, the average selling price (ASP) of flagship smartphones increased compared to last year on the back of higher-than-expected share of Galaxy S20 Ultra sales as well as solid sales of the Galaxy Z Flip. The company expects a decline in product sales and its overall business performance as the market shrinks and effects of store closures continue to have direct impacts.

Samsung
Samsung Electronics on Wednesday said mobile demand is expected to drop sharply in most regions due to an economic downturn caused by COVID-19 in the second quarter. Wikimedia Commons

Amid the market uncertainty, Samsung said it will focus on improving cost efficiency and strengthening its online and B2B channels. “In case of any additional disruptions at production facilities, the Company will respond by flexibly utilizing its diversified manufacturing capabilities across the globe,” it added.

For the second half, amid uncertainties including the possibility of a prolonged pandemic, market competition is forecast to intensify as manufacturers strive to recover from the weakness in the first half. Samsung said it will continue to offer differentiated products in the premium segment with the launch of new foldable and Note models.

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It also plans to enhance product competitiveness by expanding 5G adoption to mass-market smartphones and improve operational efficiency across all areas throughout R&D, production, supply, channel and marketing. (IANS)