UNPay and Zhejiang China Commodity City Group to Boost Key Areas in Cross-border Trade

YIWU, CHINA / SINGAPORE – Media OutReach
– 12 November 2018 – UNPay, a global fintech open service platform and Zhejiang
China Commodity City Group Co., Ltd., a listed company and market leader in the
field of Chinese trade, jointly announced that they have signed a strategic
partnership agreement to develop the city of Yiwu into the leading cross-border
financial centre in China.

L to R: Mr Kenny Li,
General Manager of UNPay’s cross-border business unit and Mr Gong Chenghao,
General Manager of Yiwu Mall Group Information Technology Co at the signing
ceremony

Held
in Yiwu Xinghu International Conference Centre, the signing ceremony was
attended by government officials including Mr Lin Yi, Yiwu’s Municipal Party
Committee Secretary and Mr Chen Xiaozhong, Yiwu’s Executive Deputy Mayor. Mr Kenny
Li, General Manager of UNPay’s cross-border business unit and Mr Gong Chenghao,
General Manager of Yiwu Mall Group Information Technology Co. signed the
partnership agreement on behalf of the two companies.

Yiwu,
a city located in central Zhejiang province, is renowned for its small
commodity trade and vibrant market. It has the world’s largest small commodity
wholesale market, and is the biggest consumer goods distribution centre
worldwide. Zhejiang China Commodity City Group Co., Ltd. develops, manages, and
provides services for commodities trading platforms in Yiwu.

As
the world’s first open platform to provide a comprehensive suite of payment
solutions, UNPay will work closely with Zhejiang China Commodity City Group on
various areas to augment its reputation as a top small commodities trading
market. These include payment collections, cross-border exchanges, global
transfers, credit financing, and cross-marketing activities.

Yiwu
Secretary, Mr Lin Yi, and his party, first visited UNPay’s office in Beijing
last month. During the meeting, Secretary Lin saw potential in UNPay’s vision
and capabilities and recommended Zhejiang China Commodity City Group to work
with the latter in developing Yiwu into a leading hub of international trade.
Secretary Lin observed that with cross-border payment at the core of
international trade activities, it is imperative to work with a company that
has an extensive payment network. Doing so will help propel Yiwu into the
global limelight as a best-in-class online and offline trading platform. 

Zhang
Zhenghua, founder and CEO of UNPay, expressed, “Currently there is no platform
in the world that truly supports a one-stop global payment and financial
service platform for cross-border e-commerce and foreign trade. If the existing
cross-border trade transaction model can be optimised into an offline
cooperation, with online trading and payment, a new cross-border O2O ecosystem
will be established.”

Mr
Zhang added, “In future, UNPay will also deepen its cooperation with Yiwu
Municipal Government and Yiwu Mall Group on the Belt and Road Initiative, by
harnessing its fintech capabilities to transform Yiwu into the small commodity
capital of the world.”