mobile payment

CITCON Releases UnionPay Pass, the First Complete Suite of UnionPay Products in the U.S.

CITCON, the integrated mobile payment and commerce leader, today announced the release of CITCON UnionPay Pass at Money 2020. CITCON UnionPay Pass is the first complete suite of UnionPay products available online and offline globally, serving the world’s largest cardholder base of more than about 8 billion cards issued worldwide, particularly from China, South Korea …

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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 brands prepare to get ahead of the competition in this holiday seasons 11/11 – Singles Day is the largest e-Commerce shopping event in China, which has now become a global …

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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 to swell to $1.5 trillion, representing a quarter of China’s total retail sales volume, and more than the retail sales of the ten next largest markets in the world – combined. …

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CITCON Expands to Europe, Offering Merchants a Commerce Solution That Promotes The Smart Lifestyle Chinese Travelers Prefer

Company Builds Upon Momentous Growth In the First Half of 2019 SANTA CLARA, Calif., July 1, 2019 — CITCON, the leading cross-border mobile payment, and commerce solution provider, today announced its European expansion. CITCON offers European merchants a comprehensive cross-border commerce solution that promotes the smart lifestyle that Chinese travelers prefer. European merchants can now …

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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. We are proud that CITCON was included as a key partner of Ant Financial’s Alipay and Tencent’s WeChat Pay. According to the report, “Alipay and WeChat Pay are positioned at the top of China’s $6.8 trillion …

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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 is especially easy now for startups and freelancers to offer some special and unique values in the China market. Online services include professional legal services, photo editing, headhunting, and …

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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, healthcare, baby products, and consumer electronics are on top of the list for Chinese online consumers. According to a recent report by eMarketer, “China’s retail e-commerce sales will grow more than 30% to nearly …

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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 wealthy consumers to drive growth. According to a recent McKinsey Report, in 2018 Chinese consumers at home and abroad spent 770 billion RMB  ($115 billion) on luxury items—equivalent to a third of the …

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