Thursday July 18, 2019
Home Business Citcon Expand...

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

0
//
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.

Also Read- Taj Mahal: Honey Bees at Historical Monument Alarm Tourists

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)

Next Story

India: Xiaomi Opens Mobile Component Manufacturing Plant in Uttar Pradesh

The local manufacturing plant is ready and will be in production within the third quarter of this year

0
Holitech Technology would be manufacturing compact camera modules (CCM), capacitive touch screen module (CTP), thin film transistor (TFT), flexible printed circuits (FPC) and fingerprint module. Pixabay

Xiaomi supplier Holitech Technology on Saturday said it has inaugurated its first component manufacturing plant in Greater Noida and will invest nearly $200 million over three years in the country.

Holitech Technology would be manufacturing compact camera modules (CCM), capacitive touch screen module (CTP), thin film transistor (TFT), flexible printed circuits (FPC) and fingerprint module locally.

The local manufacturing plant is ready and will be in production within the third quarter of this year and aims to generate 6,000 jobs in three years, Xiaomi said.

Spread across four factories and spanning over 25,000 square metres, the component manufacturing plant will start mass production with a production capacity of over 300 million components per year.

Xiaomi, Mobile, UP
Xiaomi supplier Holitech Technology on Saturday said it has inaugurated its first component manufacturing plant in Greater Noida. Pixabay

“It has witnessed significant growth in the country and we are positive that Holitech’s plans for India will herald a new stage of evolution for the electronics manufacturing industry in India,” Muralikrishnan B, Chief Operating Officer, India, said in a statement.

The plant also boasts of class 1000 and class 100 clean room. A clean room is a contained space where provisions are made to reduce particulate contamination and control other environmental parameters such as temperature, humidity and pressure.

Also Read- Sundarbans on List of ‘Natural Sites in Danger’

“The phenomenal growth of Xiaomi along with their initiatives to promote local manufacturing has encouraged us to explore component manufacturing for Xiaomi in India,” said Chenguisheng, CEO, Holitech Technology. (IANS)