Today is the 19th anniversary of NEXGO. Now it's becoming a FinTech company offering payment terminals, solutions and services to its global customers after 19 years development.
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Street vendor economy became popular in China overnight, the encouragement of government for street vendor economy surprises the whole country as setting up a street stall was not an easy thing in China before. Some cities have issued the corresponding policies, mainstream media are full of the news about it. And tech giants such as Alibaba, Tencent and JD.com also issued their plans to help small business merchants.
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"Self-reflection" is one of the core cultures of NEXGO, it brings us together and gives us more time to think in today's fast-paced world. The series of self-reflection activities of 2020 in NEXGO group kicked off in early May, and NEXGO International Business Center held self-reflection activity in last week.
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G2 is one of the important portable terminals from NEXGO. In the middle of February, NEXGO had received several urgent orders of E-cash Loading Devices from Wuhan, where the virus was getting spread quickly. With more and more strict precaution and control, over 2.4 million users of gas IC cards are in a difficult situation for E-cash loading.
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Coronavirus has been spreading all over the world. The world economy has been plunged sharply, especially the retail industry. People stay at home, merchants have to merge online and offline shopping. As one of the leading payment enterprises, NEXGO cares about merchants and wants to help them get through the crisis.
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Reviewing 2019, we have been expanding overseas market and have established NEXGO India company. It provides faster and better services for Indian and nearby markets and also accelerates the internationalized process. We zero in on scientific and technological development, biological recognition, QR code payment and other technology. We have successfully launched handheld smart POS terminal N6 and 5 more code-scanning products after setting up QR code payment product line.
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In November 2019, XGD international and NEXGO have contributed 700 thousand dollars (is approximately equal to 50 million rupees) to establish a joint venture company, NEXGO India Pvt., Ltd. The establishment of NEXGO India has been positively promoting payment products and services into the oversea market, making it easier to deploy our overseas business and accelerating internationalized process which conform to overall strategy and long-term development requirement.
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With the progress of society and urges of the rapid and effective auto authentication, facial recognition has been penetrating in our daily life. User names and passwords are replaced while turning on the computer, phone or any other information system. It is widely applied in facial recognition payment, admittance of security and protection, personal identity authentication and any other scenes.
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During 9 to11 July, 2019, the Digital PayExpo 2019 was held in the beautiful city of Lagos, Nigeria. As a global leader in the payment industry, NEXGO was invited to participate in the expo and showcased the latest products of 2019.
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With the continuous development of information technology, mobile payment has penetrated into all areas of life and become a major change affecting social consumer behavior. At present, it has become an undisputed fact that China mobile payment is leading the world. However, it’s just at the beginning for offline merchants in China to take advantages of mobile payment and get a new round raise in their business.
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