Citcon announces support for 100+ new mobile wallets and local payment methods on its payment platform
Leading mobile wallet payments company Citcon have announced the new availability of LATAM and Asia Pacific’s most popular mobile wallets and local payment methods on its platform. This will enable one simple integration for these popular payment methods from those regions where traditional credit cards have low penetration rates.
Citcon is a leading mobile wallet payment provider globally. With its new launch, Citcon will enable 100+ additional mobile wallets in Mexico, Brazil, Chile, Argentina, Uruguay, Colombia, Malaysia, Philippines, Indonesia, South Korea, and more. Wallets covered by the new launch include OxxO, Mercado Pago, PicPay, KakaoPay, Jkopay, GCash, Dana, Alipay HK, and more, comprising more than 300MM active users in total.
“A recent study by eShopWorld showed that 55% of non-US consumers ages 18-34 shopped from U.S. sites in the past 12 months,” said Chuck Huang, CEO and Founder of Citcon. “US ecommerce merchants have a once in a generation opportunity to activate these consumers, and Citcon’s robust global payment infrastructure can enable this activation. Use of local payment methods is a proven means to reduce cart abandonment for cross-border ecommerce.”
The payment methods cover credit and debit cards, voucher payments, BNPL, E-wallets, Bank transfers etc. This means virtually all major local payment methods used by consumers in Latin America and key APAC countries can now be supported with the use of the Citcon solution. Citcon’s new payment solution also helps merchants address critical finance and regulatory matters such as FX conversion and cross border settlements into US entities, which have always been a pain point for ecommerce merchants selling globally.
“With one simple integration, Citcon enables access to billions of consumers throughout the world, reducing the complexity of global commerce for our customers and making international expansion easier,” said Wei Jiang, COO & President of Citcon. “With plug-ins for every major ecommerce platform including Shopify, Salesforce Commerce Platform and SAP Hybris, adopting local payment methods to enable cross-border ecommerce has never been easier.”