CITCON Introduces Pay by Link, a ready to use online payment tool to accept remote payments
We know accepting payments from VIP/personal shoppers who place bulk orders, or individual / business customers who pay by wire transfer, checks or credit cards…
How Coronavirus Could Change the US Gift Card Landscape
The stay-at-home orders that have been issued in most US states amid the coronavirus pandemic have shuttered all but essential retailers, creating…
How Retailers And Payments Providers Are Changing To Help Consumers Shop Safely During The Coronavirus Pandemic
Firms are trying to minimize contact with others and shared surfaces to limit the spread of the coronavirus by altering the in-store payment process. MasterCard…
Support for our clients and partners during the COVID-19 outbreak
Dear Valued Clients and Partners, With the rapid development of COVID-19 around the globe, we understand how tough it is for businesses. Given the…
China Retail Briefing
NEWS & INSIGHTS Double 11 - The Chinese Shopping Extravaganza that You Can't-Miss Chinese people are serious about their holidays, thus they…
China Retail Briefing
NEWS & INSIGHTS Are You Missing out on the Massive Revenue Potential of China’s Singles Day? What is Singles Day Shopping Spree and how should…
China Retail Briefing
China Digital Consumer Trends 2019 China’s rise as a global leader in ecommerce has been nothing less than stunning. This year, online retail sales are expected…
Fintech Disruptors from the East
Business Insider’s recent report on “Fintech Disruptors from the East,” highlights Ant Financial and Tencent’s rapidly growing financial services ecosystems.…
Rapid Growth in Demand for Online Services in China
Online services are one of the fastest expanding industries in China. Chinese consumers and companies are more willing to pay for online services than before. It…
Consumer Electronics Consumption Is on the Rise in China
Chinese consumers are becoming more aware of international brands, which is reflected in the increased demand for overseas products. High-quality food, cosmetics,…
China’s Lap of Luxury
China’s affluent upper-middle class is an enticing prospect for the world’s designer brands. The global luxury industry has become increasingly reliant on China’s…
The Demand for Foreign Baby Care Products in China
The baby care industry in China has grown steadily since China ended its One Child Policy in 2016. The total sales of baby care products are predicted to rise at…
Just for the Health and Wealth of It
China boasts a booming middle class and higher incomes across the board. As a result, Chinese consumers aren’t just buying more, they are more selective, demanding,…
The “Beauty” of China Cross-Border E-Commerce
Chinese consumers like to buy premium quality imports — from luxury and fashion, beauty and skincare, mom and baby goods, electronic products, to healthcare…
2018 Trends for Mobile Payment in Chinese Outbound Tourism
Traveling abroad is no longer a luxury for many Chinese citizens as they are now enjoying rising incomes and better living standards. According to the latest statistics…
How Western Retailers Can Adapt to Chinese Consumers' Love of Mobile Payments
Smartphones have revolutionized our lives more than almost any invention in the past 15 years. They’ve improved the way we receive our news, keep up with work…
China Has A $1 Trillion Ecommerce Market - Here's How Western Companies Miss Out On Their Share of Customers
The last two years have been dubbed the period that Chinese ecommerce shoppers officially took off. A report by Nielsen showed that from “a 12-month rolling average…
The Hospitality Industry's 1 Weakness When It Comes to Chinese Consumers
The U.S. hospitality industry alone is a multi-billion market. While it primarily relies on the consumers overall leisure time and disposable income, there’s plenty…
Western Retail Companies Need to Offer Mobile Payment Options - Or Risk Losing Chinese Consumers
The past few years retail companies in the U.S. and Europe probably noticed an uptick in sales from Chinese consumers. That’s because this demographic is traveling…
Integrating Mobile Payments to Attract New Customers from China
There is no denying that mobile payments—and mobile wallets—are the future. The total revenue of the global mobile payment market is supposed to surpass…
THREE QUESTIONS With Wei Jiang, COO of Citcon
BY REBECCA RENNER April 27, 2018 Wei Jiang is the president and chief operating officer of Citcon, Inc., a mobile payment and marketing platform that…
US merchants adopt Chinese app payments to draw big spenders
A display promotes WeChat Pay and Alipay during the Money 20/20 conference in Las Vegas, Nevada. © Reuters NEW YORK — In China, Zhang Youtian…
U.S. Tourism and Hospitality Stakeholders Embrace Chinese Mobile Payments
With over one billion users combined, two of the largest digital payment providers, Wechat Pay and Alipay, have finally launched their technology in the United States. Even…
In Urban China, Cash Is Rapidly Becoming Obsolete
A Shanghai clothing market that allows customers to pay using the apps Alipay and WeChat.Credit Yuyang Liu for The New York Times SHANGHAI — There is an audacious…