SHENZHEN, China, Dec. 5, 2016 /PRNewswire/ -- Moxian, Inc. ("Moxian" or the "Company") (Nasdaq: MOXC), an offline-to-online (O2O) integrated social media platform operator, today announced it has entered into a strategic cooperation agreement with Beijing Chinaums, a subsidiary of China UnionPay ("UnionPay"), to create safer and more convenient payment environment and more effective mobile marketing solutions for bricks and mortar businesses with the seamless integration of Chinaums' advanced payment technology and the Company's Moxian+ mobile social marketing platform.
Chinaums, established in 2002, is the largest bank card acceptance service provider in China and among the first batch of 27 financial institutions granted the third-party online payment business license from the People's Bank of China in May 2011. To date, Chinaums serves over 6.3 million merchants and owns over 7.8 million Point-of-Sale ("POS") terminals.
"We are thrilled with today's announcement as we believe the cooperation with Chinaums gives us a once-in-a-lifetime opportunity to jumpstart the commercial launch of our Moxian+ App, allowing us to potentially access the millions of merchants and users of Chinaums," said James Tan, Chairman and Chief Executive Officer of Moxian. "Our future looks brighter with the powerful combination of Moxian's integrated mobile social marketing platform and Chinaums' proprietary payment technologies, e.g., QuickPass, a contactless mobile payment platform launched by Chinaums' parent company UnionPay in December 2015. We are currently working closely with Chinaums to make our Moxian+ App more powerful and more attractive to merchants and users with enhanced payment functionalities. We also look forward to potentially developing similar relationships with other UnionPay subsidiaries and other leading enterprises to accelerate the growth of our merchant and user bases in the future."
About China UnionPay and Chinaums
China UnionPay ("UnionPay"), established in March 2002, is the bankcard association in China. As the pivotal role of Chinas bankcard industry, China UnionPay is responsible for operating unified inter-bank clearing and settlement system in China and developing the international acceptance network for UnionPay card. To date, the total numbers of bank cards issued and ATMs owned by UnionPay have exceeded 5 billion and 2 million, respectively, covering over 34 million merchants in 157 countries and regions. In 2015, UnionPay realized RMB 53.9 trillion transaction amount and surpassed VISA to become the largest settlement organization around the world. For more information about UnionPay, please go to www.chinaunionpay.com.
Established in 2002, Chinaums is a majority owned subsidiary of UnionPay with primary businesses in bank card acceptance, POS terminals, and mobile payment services. As of October 2016, Chinaums is the largest bank card acceptance service provider in China. More information about Chinaums can be found at www.chinaums.com.
About Moxian, Inc.
Founded in 2013 in Shenzhen, China with branch offices in Beijing, Malaysia, and Hong Kong, Moxian, Inc. is an offline-to-online (O2O) integrated platform operator. The Company's "Moxian+" mobile App platform connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information that Merchant Clients can use to effectively promote products and services offered at their brick and mortar stores. More information about the Company can be found at www.moxian.com.
Forward-Looking Statements
This press release may contain information about Moxian's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Moxian encourages you to review other factors that may affect its future results in Moxian's registration statement and in its other filings with the Securities and Exchange Commission.
For more information, please contact:
At the Company
Edmund Ooi
Phone: +86-755-66813984
edmund.ooi@moxiangroup.com
Investor Relations
Tony Tian, CFA
Weitian Group LLC
Phone: +1-732-910-9692
moxc@weitian-ir.com
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