Recently, JLPay, a wholly owned subsidiary of XGD Inc. (Stock Code: 300130), was awarded the 2025 "Best Acquiring Contribution Award" by Mastercard China Joint Venture Services (Beijing) Co., Ltd. The recognition reflects JLPay's outstanding performance in acquiring service capabilities, business execution, and operational excellence. The award comprehensively evaluates partners across dimensions including compliance management, system stability, and scenario expansion. JLPay has received sustained recognition from Mastercard China Joint Venture over multiple years.
Since commencing operations in China in 2024, Mastercard China Joint Venture has continued to advance the localization of diversified payment products, leveraging Mastercard's global payment network and technological expertise while actively building a local payment ecosystem. As one of the first partner institutions during its early market expansion, JLPay took the lead in completing the deployment of Mastercard RMB card acquiring systems. Supported by a compliant and robust operating framework, mature risk management capabilities, and extensive experience in scenario-based implementation, JLPay has worked closely with Mastercard China Joint Venture to deepen collaboration and drive shared value creation.
In recent years, JLPay has continuously strengthened its "payment + scenarios" service capabilities, focusing on the operational needs of small and medium-sized merchants. The company has developed an integrated service system covering acquiring, marketing, and operational management. Through solutions such as the Jialian Cloud Store SaaS platform, Smart Cloud Store, and a range of scenario-based solutions, JLPay has achieved scaled deployment in high-potential sectors including the catering industry. To date, the Jialian Cloud Store platform has served more than 100,000 small and medium-sized catering merchants, while the Guduo Cloud open platform has maintained steady growth in transaction volume and business data, further supporting ecosystem expansion and scenario implementation for partners.
As a global payment technology service provider, XGD Inc. has established a core strategic framework encompassing intelligent manufacturing, merchant services, and global payment and settlement. Leveraging its end-to-end capabilities—from technology R&D and intelligent terminals to global networks—the Group provides comprehensive support for JLPay in strengthening acquiring infrastructure and expanding scenario-based services.
Looking ahead, JLPay will continue to deepen its cooperation with Mastercard China Joint Venture, focusing on key industries and high-frequency consumption scenarios. The company will further enhance its acquiring products and service systems, promote the coordinated upgrading of digital intelligence capabilities and acquiring scenarios, empower the real economy, and jointly build a more efficient and vibrant digital commerce ecosystem.
