Moxian, an offline-to-online integrated social media platform operator, has signed an agreement with Beijing Chinaums, a subsidiary of China UnionPay, to create safer and convenient payment environment and mobile marketing solutions for bricks and mortar businesses.
The payment environment and mobile marketing solutions will be based on the seamless integration of Chinaums' advanced payment technology and the Moxian+ mobile social marketing platform.
Founded in 2002, Chinaums operates as a bank card acceptance service provider in China. It is one among the first batch of 27 financial institutions granted the third-party online payment business license from the People's Bank of China.
Currently, Chinaums manages more than 6.3 million merchants and owns over 7.8 million point-of-sale (POS) terminals.
Moxian chairman and CEO James Tan said: “We are thrilled with today's announcement as we believe the cooperation with Chinaums gives us a once-in-a-lifetime opportunity to jumpstart the commercial launch of our Moxian+ App, allowing us to potentially access the millions of merchants and users of Chinaums.
“We are currently working closely with Chinaums to make our Moxian+ App more powerful and more attractive to merchants and users with enhanced payment functionalities.
“We also look forward to potentially developing similar relationships with other UnionPay subsidiaries and other leading enterprises to accelerate the growth of our merchant and user bases in the future."