The online advertising, data analytics, and precision marketing company ZW Data Action Technologies Inc (NASDAQ: CNET) recently announced a strategic cooperation agreement for global payment solutions called VCan. The agreement is signed with Hong Kong-based VCan Fintech, the financial technology company that engages in global solutions for payments through their product VCan.
What’s the deal about?
ZW Data has been vested in building data with VCan and integrating it with marketing and advertising business from the business prospects. From the operations point of view, the company aims to launch a payment service platform that will be cross-border. The regulatory licenses will be facilitated by VCan in the United Kingdom, United States, and Hong Kong, among other regions. The idea is to connect different financial service systems, such as Paypal, international prepaid cards, VISA, UnionPay, and overseas banks.
Technologically, ZW Data Action Technologies Inc is supposed to create a cross-border payment platform for the B2B model, backed by blockchain technology, solution consulting, multi-dimensional industrial services, industrial capital solutions, and more.
ZW Data’s business ecosystem
With a standing of 18 years, ZW Data has an Internet business ecosystem with massive user data that can be effectively optimized for precision digital marketing. The company has data of around 100 million users, which corresponds to marketing and transaction-based.
VCan is the global payment and financial solution for e-commerce merchants across cross-border platforms. With this agreement, the companies will begin their in-depth cooperation in the aforementioned key aspects, i.e., technology, operations, and business. ZW Data Action Technologies Inc is based out of Beijing, China, and was established in 2007. The company offers modern technology advertising and marketing solutions, including software solutions, web/mobile applications, artificial intelligence, and blockchain.