Jan. 30, 2019
Citcon, a cross-border payment firm, is partnering with East West Bank to provide WeChatPay and Alipay mobile wallet solutions to U.S. retailers, according to a press release.
The Chinese mobile wallet market is considered the largest in the world, as more than a billion Chinese consumers spent more than $12.8 trillion combined on mobile wallets in 2017, according to the companies.
Alipay, the mobile payment solution from Ant Financial, operates in more than 40 countries around the world.
"We are pleased to be collaborating with Citcon on such an innovative payment acceptance solution," Nadilee Russell, senior vice president and director of global transaction services at East West Bank, said in the release.
East West Bank, based in Southern California, focuses on the Greater China and U.S. markets and has more than 130 locations worldwide.
Topics: Mobile Apps, Mobile/Digital Wallet, Region: APAC, Retail
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