March 29, 2023. Shenzhen, China - Gu Haidong, Standing Member of the Suzhou Municipal Party Committee and Executive Vice Mayor, led a delegation to visit XGD INC.. Accompanied by Chairman Liu Xiang and President Shi Xiaodong, the delegation toured XGD INC.'s headquarters at Shenzhen Bay and held a discussion session.
The visit commenced at XGD INC.'s payment terminal testing laboratory, where the delegation received an overview of the facility. In the lab, XGD INC.'s R&D team conducts a series of rigorous tests on terminal devices, including QR code scanning performance, AI automation testing, and combined immunity testing. Only after passing these tests are the devices marketed by a global sales team to over 80 countries and regions. In recent years, XGD INC. has demonstrated significant potential in the overseas payment market, with overseas revenue from electronic payment equipment increasing by 88.30% year-on-year in 2021 and shipment volume rising by 96.82%. According to the latest report from Nielsen,XGD INC. ranked among the top five in POS terminal shipments in the Asia-Pacific region in 2022.
The guests then observed XGD INC.'s self-built real-time operational data monitoring system, which provided a vivid overview of JLPay's technological advancements and product offerings in the acquiring sector. President Shi Xiaodong emphasized that JLPay is committed to compliant operations through a direct sales model, ensuring the protection of user information and interests. The company has established 35 branches nationwide, with the newly formed Suzhou branch aimed at enhancing communication and cooperation with Suzhou’s Xiangcheng District, improving local service capabilities, and accelerating the development of digital currency applications.
During the discussion, Mayor Gu praised XGD INC.'s efforts in developing core competencies and exploring digital transformation. He noted that while Shenzhen leads the nation in technology and investment in the payment sector, Suzhou is also at the forefront as one of the first pilot cities for digital currency. Both cities share a common innovative direction but possess unique characteristics. Through collaboration between government and enterprises, they can learn from each other's expertise in digitalization to achieve mutual progress and win-win outcomes.
Chairman Liu Xiang responded by stating that XGD INC. aims to advance the digital economy by adhering to a "Payment + Hardware" strategy. The company actively updates its products and technologies around digital currency and leverages hardware sales to promote China's leading payment technologies internationally, seizing opportunities in the digital transformation of the payment industry. As a result, XGD INC. has rapidly upgraded its presence in Suzhou, establishing a digital currency application laboratory and the Suzhou branch. Looking ahead, XGD INC. will continue to explore new development opportunities and greater growth potential in areas such as digital currency, cross-border payments, and artificial intelligence.
In this era of digital transformation, XGD INC. believes that innovation, change, and open collaboration are essential for achieving multi-win development. The company is committed to facing future uncertainties with innovation, contributing to the advancement of the digital economy and supporting high-quality development.
