As an excellent Chinese mobile payment service provider, Golong participated in the India Traffic InfraTech & Parking InfraTech Expo from October 25th to 27th, 2018 .
India is an important economy and a populous country in the world. Its digital payment industry has indeed ushered in a spring since the introduction of the Indian government’s Abolition of Old Currencies Policy last year. Then, at the beginning of 2018, the Indian government set a high target: 25 billion digital transactions by the end of the fiscal year, and expected this “25 billion” to include 11 billion bank card transactions (account for 44%), 6 billion mobile transfers (account for 24%), and 8 billion online transfers (account for 32%). Although debit and credit cards are the main digital payment tools for Indians, various mobile payment applications have also sprung up in India with the support of the government’s priority development and encouragement.
As a comprehensive software and hardware service provider that leads mobile payment in the transportation field in China, Hangzhou Golong Technology showed Indian visitors from all walks of life mobile payment equipment in buses, highways, parking lots, and gateways at the exhibition. At the same time, it also showed China’s advanced non-sensory payment and facial recognition technology. Indian visitors continuously stopped at the Golong exhibition area, and expressed their goodwill and interest in Golong’s advanced mobile payment technology.
In the next few years, Golong will strengthen cooperation in overseas markets, actively expand the popularization of mobile payment, promote Chinese technology and Chinese solutions to the world, and achieve global financial inclusion.