The Beijing firm is a domestic provider of a mobile payment platform and says the financial backing will be used to enhance the firm’s industrial layout. The developer also announced it plans to collaborate with more projects. The technology operates as a dongle, which is attached to mobiles and tablets to enable payment. The transaction is then carried out by either an app or a card-reading device.
“The company will enhance the product in the second half where the user experience” box Payment COO Lee Chong told reporters: “In addition to meet the payment demand, future payments will be in a box product management, marketing management, membership management and other functions to help customers. “
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.