View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
March 22, 2021

IT Retail, Citcon to provide mobile wallet payment to grocery stores

IT Retail, a grocery POS company, and Citcon, a mobile wallet payments company, have partnered to roll out mobile wallet payments to the grocery industry.

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

Citcon provides several wallet brands including PayPal, Venmo, AliPay, WeChat Pay and more.

It is claimed to be the only completely licensed US-based acquirer of all three Chinese payment brands: Alipay, WeChat Pay and China UnionPay.

An omnichannel commerce payment provider, Citcon has service teams based in North America, Europe and China.

This new partnership will enable grocery stores using IT Retail POS to begin accepting payments from mobile wallets in outlets.

Mobile wallets are claimed to be secure given the use of dynamic QR codes and safe because they are contactless.

Millennials and Asian customers prefer to use mobile wallets, which allow quicker transition to cashless operating environments in grocery stores.

Citcon president Wei Jiang said: “This partnership will dramatically increase penetration of PayPal, Venmo and other wallets in North American grocery stores. Following our similar partnership announcements in travel, hospitality and retail, it grows the footprint of merchants who will be able to accept mobile wallets and sets the stage for a rapid expansion of contactless, QR-based mobile wallet usage by consumers in the US.”

IT Retail marketing head George Goodwin said: “This partnership will increase grocer profitability while allowing more opportunities to satisfy customers during a time when contactless payments are very desirable.

“Our strong partnership will keep profitability up while maintaining an excellent customer experience in and outside the store.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Electronic Payments International