This @paymentsjournal article explores the rise of instant cross-border #payments in Asia. One way to realize truly interoperable cross-border payments is through standardization which #nexostandards delivers through ISO 20022 compliant messaging https://t.co/BuEazq7MRn https://t.co/tEz1e23xet
nexo standards Welcomes Chinese Business IoT Vendor Sunmi to its Membership
nexo standards, the international association dedicated to enabling fast, interoperable and borderless payment acceptance, today announces that it has welcomed business IoT company and payment solution provider, Sunmi, as an Associate Member.
As an Associate Member, Sunmi will be able to share its unique insights and experience to contribute to the development of nexo specifications and participate in technical working groups. Looking to expand into new markets such as Europe and North America, Sunmi plans to utilize the nexo FAST Specifications and nexo Retailer Protocol to strengthen its offering with the creation of universal, interoperable payments acceptance solutions for its customers across geographies. It will promote the use of nexo standards by implementing them into its mobile, desktop and tablet-based payments acceptance solutions for merchants.
“Harmonization, standardization and convergence between business processes and payments resonates closely with our vision,” comments Patrice Le Marre, Corporate Chief Strategy Officer and Europe/North America General Manager, Sunmi. “As a leader in the digital transformation of brick-and-mortar merchants, we see nexo standards as a means to remove artificial complexity and promote global interoperability within payments acceptance in Europe and beyond. Capitalizing on nexo‘s work, we will provide a future-proof application development framework with our Android ecosystem, removing the complexities of legacy systems and easing the integration of merchant payment solutions.”
Founded in 2013, Sunmi offers a wide-range of digital point-of-sale (POS) solutions and applications already founded on openness and standards, utilizing the Android operating system (OS) across its portfolio. Combined with nexo protocols, its offering would further simplify integration and management of sales systems for its merchant customers which, in turn, can fast-track their path to launching new services. Ant Group, a Principal Member of nexo standards, is among its shareholders.
“Sunmi’s commitment to a standardized and harmonized approach to payment acceptance perfectly embodies the work of nexo standards,” comments Jacques Soussana, Secretary-General, nexo standards. “As leaders in powering innovation for retailers, we’re delighted to see the value they recognize in nexo protocols to simplify launch of omnichannel solutions and ease integration in new geographies. Continued adoption from diverse players such as Sunmi is key to demonstrating to the ecosystem why standardization is valuable to both payments vendors and their merchant customers.”
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