Background

• A major local bank and a bank whose parent company is one of the largest banking institutions in China have adopted our smart Point-of-Sales (PoS) payment collection solution for their merchant clients
• Over 5,500 smart PoS have been deployed to these two banks' merchant clients across different retail sectors including food and beverage, fashion, electrical appliances and telecommunications etc

Challenges

• As it is generally not cost-effective for banks to develop their own payment solutions and provide on-going customer support for their merchants, banks tend to look for third-party payment service providers
• Merchants have to install multiple PoS systems to accept different payment methods and deal with different acquirers for payment clearing

Solutions

• Our smart PoS terminals support a wide range of contactless and QR code payment methods including Visa, MasterCard, UnionPay, JCB, AMEX, Apple Pay, Samsung Pay, Google Pay, WeChat Pay, Alipay, Octopus, EPS and FPS through 4G/WiFi networks
• We offer various models of smart PoS terminals provided by our hardware partners and these models have their unique features to meet different business needs
• Value-adding application can be developed on our smart PoS payment solution to meet specific business needs of merchants (e.g. e-receipt / loyalty program)
• We provide all-round customer support from Smart PoS terminal installation, operation training to on-going maintenance and repair

Benefits

• Simplifies payment collection process and enables merchants to accept digital payments in a more convenient and secure way
• Merchants can lower their operating cost and make use of value-adding applications developed on the payment solution to meet their specific customers' needs and improve customer experience