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Allied Wallet, a popular name in the industry of digital payments is doing really well in the present years with an operational periphery that extends all across the globe. It is basically a global leading provider of mainstream online payment processing. The organization made a success along with a new challenge with its new office in China. It celebrated the grand opening of its new office in Beijing, China with hundreds of customers, fans, and partners who all joined up together in these happy moments of joy. Allied Wallet is in a mission of expanding itself on a global scale, and recently, it has been moving across different parts of the world, with just one thought, and that is to facilitate everyone with the merits of technology.
Allied Wallet China’s Beijing office surpassing huge transactions
China has the world’s largest e-commerce market by transaction value. Its online retail sales already surpass up to $1 Trillion annually. Allied Wallet China’s Beijing office was recently inaugurated to support the overwhelming demand of the nation. E-marketer projects that China’s retail e-commerce sales are expected to expand by 27.3%, reaching $1.935 Trillion in the year 2019, following which China’s e-commerce sales will represent 63.9% of total retail sales by the year 2023.
Allied Wallet has never set back to support Chinese businesses. It has already got a track record of supporting payments with some of China’s biggest platforms including AliPay and WeChat Pay. AliPay has over 520,000,000 users and WeChat Pay has over 900,000,000 monthly users. The online payment giant is already accepting the China UnionPay. This UnionPay is accepted by over 41 million merchants around the globe. Also, it is the world’s largest payment card issuer. It has already issued over 6 billion cards in its domestic market, which is certainly quite a good figure.
The grand opening celebration of China office
China is full of new opportunities and has definitely got a huge growth potential. Allied Wallet has made it a point about not missing any opportunity. With the rapidly increasing wages in China, people are now incorporating online shopping into their lives. Recent studies have revealed that there will be nearly 200 new online shoppers in China by the year 2020. Hence, Allied Wallet has been assuring them with safer modes of payments so that they can avail their online shopping experience at a much ease. The CEO Andy Khawaja of Allied Wallet personally attended the grand opening celebration in the China Office. The CEO personally visited the office and he stood next to 150 new employees that are now working in the Beijing office.
Goldman Sachs stated that “75% of China’s 467 million online shoppers are urban millennials, mostly in top-tier cities.” Hence, a great shopping experience will be able to boost the country’s economic growth as well. Furthermore, Allied Wallet is expanding its global operation across other nations and thus, would be celebrating the growth of e-commerce worldwide.