Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Chinese smart card producer to roll out digital platforms in East Africa

July 02, 2019


Abstract : Chinese smart card manufacturer XH Smart Tech (China) Co., Ltd. said on Monday that it plans to roll out its innovative financial digital platforms in East Africa.

NAIROBI, July 1 (Xinhua) -- Chinese smart card manufacturer XH Smart Tech (China) Co., Ltd. said on Monday that it plans to roll out its innovative financial digital platforms in East Africa.

Jack Chen, managing director of XH Smart Tech said in a statement released in Nairobi that it will partner with technology firm Compulynx to deploy its payment technologies for instant card issuance, EMV cards and QR code enabled payment systems in the region.

"The collaboration will offer African banks, insurance and micro-finance companies an opportunity to leap-frog the most advanced payment technologies utilizing existing infrastructure without the transitional phases and accompanied costs," Chen said.

He said that QR code enabled payments technology comes with several benefits for the customers, banks and merchants.

"The level of security for such QR transactions is much higher than mobile payments as the QR codes run on a payment card industry compliant environment," he revealed.

The Chinese firm said its new technologies will enable East Africa's financial service providers to be able to access secure digital solutions and card solutions that will reduce transaction costs and time to market, provide better protection of customers' data, increase financial inclusion and generate more revenue for banks.

Scan the QR code and push it to your mobile phone

Keyword: smart card manufacturer

Reading:

China Focus: Global manufacturers benefit from cooperation, open market

South China's Guangxi rolls out big data inv. project package to boost digital sector

Chinese lawmakers call for more efforts to promote SME development

China becomes world's second largest bond market

Tightening property measures to continue in big Chinese cities

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial