Bonita Springs, FL-based CSI globalVCard has ankled Jia Liu to lead the company’s expansion into China. She will officially serve as Vice President of International Payments.
Earlier this year, CSI announced its cross-border payments offering, which completed the award-winning ‘total AP’ platform, globalVCard paysystems. With one file upload, business payments can be issued and settled via virtual credit card, ACH, check or wire, anywhere in the world. The globalVCard platform can be integrated or white-labeled by strategic partners focused on bringing innovative payment solutions to business customers in China.
The Company notes with the February launch of Apple Pay in China, followed by Samsung Pay in April, new entrants continue the battle to pull market share from entrenched players WeChat Payment and Alipay. Competition is also intensifying in the financial cards space as reported by Euromonitor, with healthy growth rates expected in the coming years.
While the fintech industry is soaring in China, the advancements have largely been targeted to the consumer market. Little has changed in the way of business payments. CSI globalVCard is laying the framework to change that through its global payment platform and strategic alliances.
CSI’s secure financial payment products include the globalVCard electronic accounts payable solution and award-winning mobile payment applications, corporate purchasing cards, and business fleet fueling/maintenance payment cards.
Businesses rely on CSI’s globalVCard products to reduce costs and increase profits in all areas of B2B payments, including accounts payable, business travel spending and fuel purchases.
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