ECARD was recently invited to the 2019 Global Corporate Growth Summit hosted by the M & A Advisor. The event took place on June 4th & 5th in NYC. This year marks the 20th anniversary of the event. M&A works to assemble global industry leaders to inform, debate, and network in a controlled environment for thought leadership.
The Chinese Language Global Citizens Television Network stopped by to interview our own Shayne Xia.
GCTV: We know that ECARD is the only EMV equipped UnionPay Prepaid Card in the U.S. and it is the first step in a transition to Smart Wallet. Can you tell us a little bit about the concept of Smart Wallet？
Shayne: Nowadays, consumers tend to rely on mobile APPs for convenience and security. As a company, it is our goal to help consumers to transition from traditional card payment to a more secured and more convenient payment solution. ECARD is our first step toward Smart Wallet since it combines the advantages of traditional debit, credit or prepaid card into one. While we pave the road toward Smart Wallet, we want to first come out with a product that is simply to apply and simple to use.
GCTV: ECARD’s mission is to provide merchant and travelers with the most convenience. But what is unique about your product when comparing to the other products on the market?
Shayne: During recent years, there is an increasing demand for traveling between the U.S. and Asia either for business purposes or for leisure. While most major Amrican payment networks are widely accepted in Europe, they do not provide the same coverage in Asia. This is where ECARD steps in. ECARD utilizes UnionPay International’s global network which has achieved 99% acceptance rate in many Asian countries. Instead of carrying a large amount of foreign currency throughout the entire trip, ECARD users can simply withdraw local currencies only when needed. We understand that during any type of trip, the last thing a traveler wants to deal with is a payment being decline or not having enough foreign currency.
Watch the full interview here.