With hundreds of clients, followers, and partners in attendance, Allied Wallet, a worldwide market leader for internet payment processing, opened its new office in Beijing, China, and celebrated the opening of this new office.
The new office of Allied Wallet in Beijing was opened to meet the high demand of the market. With online retail transactions already exceeding $1 trillion each year, China has the world’s biggest e-commerce industry by value.
China’s retail e-commerce sales are expected to increase by 27.3% in 2022, according to eMarketer, and China’s online retail sales are anticipated to account for 63.9% of total retail purchases by 2023.
Allied Wallet aims to help Chinese companies and has already integrated with several of China’s largest platforms, including AliPay, which contains more than 520 million clients, and WeChat Pay, which contains more than 900 million monthly users.
However, it already accepts China Unionpay, a payment system that is accepted by more than 41 million merchants across the world and is the world’s major provider of card payment. It has already produced over 6 billion cards in its domestic market.
Andy Khawaja, CEO of Allied Wallet, personally attended the ribbon cutting for the Beijing office and was standing next to 150 new workers who now work there.
“China has a wide range of new possibilities and vast development potential. Wages in China are growing rapidly, with many consumers using the internet to buy regularly. “By 2020, China will have 200 million new online customers, according to the firm. “We’d like to be a part of the internet payments revolution, and we want to assist you on your journey. This is truly new age.”
According to Goldman Sachs, “75% of China’s 467 million internet users are urban millennials, mostly in top-tier cities.” Allied Wallet is continuing to grow its global presence, and it’s celebrating the expansion of e-commerce across the world.