In August last year, Mobao Pay cooperated with the local French payment company Ingenico Group to allow Mobao Pay users to access Ingenico's offline merchants such as supermarkets, large retail stores, restaurants and bars in Europe.

In April this year, Mobao Payment reached a cooperation with the German payment company Wirecardis to provide mobile payment services for Chinese tourists in Germany, France, the United Kingdom and Italy.

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According to statistics, more than 11 million Chinese tourists visit Europe every year.

Ruixiang has already reached cooperation with most of the payment companies in Europe.

In Europe, except for a few regions and countries, Chinese tourists can travel everywhere with their mobile phones.

In the United States, we currently have cooperation with East West Bank, the largest Chinese bank, and Shift4, a well-known payment solution provider in the United States, which can help Mobao Pay reach hundreds of thousands of American merchants.

This year is the fifth consecutive year that China has secured the top spot as the “world’s largest source of tourists”.

According to a report released by the World Tourism Organization in April, in 2016, the total overseas consumption of mainland tourists exceeded US$261 billion, a year-on-year increase of 12%.

In second place, the total overseas consumption of the United States is less than half that of China, and its growth rate is four percentage points lower.

Therefore, providing payment convenience for Chinese tourists traveling overseas is also the next focus of Ruixiang Group.

Domestically, according to data previously released by Analysys, in China's third-party payment market in the second quarter of 2017, Alipay ranked first with a market share of 44.51%, and WeChat Pay ranked second with a market share of 30.36%.

Mobao Pay ranked third with a market share of 18.02%.

The above is the entire situation of Ruixiang in mobile payment.”

After a lot of talking and dozens of pages of PPT presentation, Zhang Yida finally finished introducing the payment chapter.

As the core traffic entrance of Ruixiang, mobile payment occupies a considerable share in the valuation system, so it was also introduced by Zhang Yida first.
Chapter completed!