CCTV Heavy Reporting! Decoding XGD to pay the road of speciality and innovation

On the evening of 18th March, the CCTV financial channel ‘Economic Half Hour’ broadcasted a special report on ‘Small Giants Leading the Big Game’. As one of the second batch of ‘small giants’ enterprises in China, NEXGO, a wholly-owned subsidiary of XGD, appeared on the programme, telling the national audience the story of XGD's core competitiveness in science and technology, breaking the monopoly of foreign countries, and becoming a leading payment technology enterprise by virtue of its high-quality products and services.

Navigating Change: Two Decades of Expertise in the Payment Industry

As mentioned in the film, at that time, cash consumption was the mainstream in China, and before 2000, foreign payment terminals had absolute say in the market. The breakthrough point chosen by XGD was mobile POS. But at that time, the domestic mobile communication was still 2G era, mobile POS to solve the two technical difficulties of security and stability.

On the accumulation of the existing technology in security, through the continuous improvement of the product's transmitting power and receiving sensitivity, and after thousands of tests, finally solved the problem of stability of mobile communication, and successfully established a firm foothold in the market. From 2001 to now, XGD has been in the payment field for more than 20 years of deep ploughing and far-seeing. Liu Xiang, Chairman of XGD Group, summarised in the interview that XGD was born in accordance with the trend.

Steady Progress: Mastering Core Product Technologies

Over the past 20 years, XGD has continued to export mature and stable integrated payment technology services to the market, and actively provided technical support for banks and other financial institutions in digital transformation. It is the company's services and solutions that best reflect its core competitiveness. Yang Xing, General Manager of NEXGO, describes XGD's comprehensive strength in this regard as 'unperturbed'.

Seizing Opportunities: Aligning with the Digital Economy Surge

Being in the midst of the great change of mobile payment, XGD accurately grasps the market demand and occupies a leading position with a rhythm of 3-5 new products every year. The integrated service terminal for health insurance business that appeared in the report is one of the latest products developed by XGD.

This terminal product, which integrates the face recognition module into the medical insurance terminal, and also has the functions of code-sweeping payment, ID card recognition, etc., has passed the acceptance of the new commercial regulations of the National Health Insurance Bureau for the first batch last year, and has been applied in some pilot cities in China.

In addition to continuously developing terminal products to meet the needs of the industry, in recent years, XGD  has followed the development trend of the digital financial industry, seized the opportunity of the digital RMB pilot, and independently researched and developed a series of acceptance terminal products that support digital currency payments. These include the intelligent payment terminal N6, which was shown in the report this time.

The N6 has a compact body, the thinnest part of which is only 12.6 mm, and is equipped with a large 5.0-inch high-definition touch screen, which operates as light and smooth as a smartphone, and supports the acceptance of digital RMB payments in China, as well as being exported to Europe, Latin America and other overseas regions.

Through this special report, XGD has become better known, and we look forward to more stories about XGD in the future, which will be continued by the people of XGD and all the partners, customers and users. The services and products of XGD will continue to output more high-quality enterprise value to the society with excellent quality and stable and safe performance.

●*Video and picture source: CCTV Finance Channel 'Economic Half Hour'.