A California prepaid payments processing company and a Shanghai-based prepaid card provider have teamed up to try to bring more payments options to China.
i2c, Inc., a payment processing technology company, and KargoCard, a Shanghai-based prepaid service provider, have partnered to deliver prepaid, mobile payment and loyalty solutions to merchants in China. i2c will provide payment processing services to enable KargoCard to offer a robust suite of products within China.
China is one of the largest markets in the world, so the potential for growth is high. However, both companies will need to work to educate program sponsors and customers on how to use the technology and programs to ensure success.