Key features of the presentation are outlined below, with the full presentation available via link at the end of this release.
- 100% mobile-native platform—99 Wuxian's core technology platform is embedded within mobile apps of business partners
- Platform offering includes mobile marketplaces for virtual and physical goods, mobile rewards redemption, mCommerce marketing and big data analytics
- Established by Handpay in 2011 to capture demand from bank partners
- Exclusive 30 year partner agreement with Handpay, China's 3rd largest third party mobile payment gateway service provider
- Established relationship with leading Chinese banks
- Listed on the ASX (ASX:NNW) on October 8, 2013
Unique competitive position creates significant barriers to entry
Commercial:
- First to market and difficult to copy in its existing channels
- Strong relationships required for banking and financial services
- Banks require long time frame to integrate third party payment and services providers
- Lead-time for establishment of relationship with a O2O partner
- Deep execution history meeting best-in-class business partner standards
Regulatory:
- Handpay holds one of 269 3rd party payments licenses1 in China, with only 42 providing mobile payments
- Strict financial requirements and regulatory standards
- Strong long-term relationship with domestic payments / financial services constituents
- Regulatory restrictions on foreign ownership of third party payment licenses
Technology:
- Deep mobile application technology experience and IP portfolio
- High risk control systems and security standards given entrenchment with the financial system
- Advanced, flexible backend platform providing custom solutions to business partners
- Proprietary data mining systems
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-NNW-837984.pdf
About 99 Wuxian Ltd:
99 Wuxian Ltd (ASX:NNW) provides online financial and operational services for more than 50 domestic banks, securities and operators with cooperation covering value-added applications, data mining, precision marketing and other areas of expertise: Provide data acquisition and mining, setting up of intermediate business platform.
Source:
99 Wuxian Ltd
Contact:
99 Wuxian Ltd WWW: www.99wuxian.com