Checkout.com, the cloud-based payments service provider, announced a partnership with Xiaomi in order “to provide an end-to-end payment solution for its Hong Kong and Macau payments.”
The partnership will “enable Xiaomi to greatly simplify the payment process to support its global payment strategy and development goals.”
The companies will “work together in Hong Kong and Macau, which are important markets for Xiaomi’s global development.” As the first batch of mobile phone manufacturers to launch payment functions, Xiaomi began “to deploy the mobile payment market in 2016.” After several business integrations, Xiaomi aggregates “a variety of payment scenarios for customers and improve the NFC payment environment.”
Xiaomi selected Checkout.com “as its payment solution partner to further enhance online payment processing capabilities and optimize the payment experience for users in Hong Kong and Macau.”
Checkout.com’s business “covers major payment markets in the world, including the EMEA, U.S., Australia, New Zealand, and Hong Kong.”
The company “holds 7 global acquiring licenses and can accept all major international credit and debit cards, as well as popular alternative and local payment methods.” With global acquiring capabilities and a professional payment platform, Xiaomi users in Hong Kong and Macau “can easily enjoy more diversified payment methods.”
Today, Checkout.com “has 19 offices worldwide, offering local expertise where needed.” It therefore “offers increased payment performance and the associated cost efficiencies to Xiaomi.” On top of that, Checkout.com’s sophisticated API “can help Xiaomi further expand its global payment business in the future.”
Recently, the Hong Kong government “has launched consumption coupons, aiming to boost the retail industry.”
The project has also simultaneously “accelerated the application and popularization of electronic payment services in HK.” The second-phase of consumption coupons “are available on 6 different electronic payment tools, and Checkout.com can support a variety of them, including WeChat Pay HK and Alipay HK.” Therefore, Xiaomi users in Hong Kong “can receive and use the coupons through this partnership.”
Ms. Janine Luo, General Manager of Xiaomi Hong Kong, Macao, Taiwan, said:
“The partnership is in line with our global development goals – that is to provide global users with more payment options. With Checkout.com’s global acquiring capabilities and excellent platform stability, we can efficiently simplify the payment process and offer a seamless payment experience to our customers. Also, we are impressed with Checkout.com’s local team of payment experts, who enable us to quickly integrate the strengths of its platform and benefit our global payment strategy.”
Brian Sze, head of the APAC region at Checkout.com, remarked:
“When one world-renowned smartphone manufacturer, Xiaomi, chose us as its payment partner in Hong Kong and Macau, it validates everything Checkout.com stands for. We are looking forward to the next chapter of our partnership as we grow together.”
As noted in the update, Xiaomi Corporation was “founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK).” Xiaomi is “a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.”
As covered, Checkout.com says that it “provides the fastest, most reliable payments in more than 150 currencies, with in-country acquiring, world-class fraud filters and reporting through one API.”
Checkout.com “can accept all major international credit and debit cards, as well as popular alternative and local payment methods.” The company “launched in 2012 and now has a team of over 1900 people across 19 offices worldwide, offering local expertise where it’s needed.”