Last updated on June 13th, 2024
IT Retail, a grocery POS company, and Citcon are partnering to bring mobile wallet payments to the grocery industry.
The technology company offers a variety of wallet brands including PayPal, Venmo, AliPay, WeChat Pay and more. It is the only fully licensed U.S.-based acquirer of all three Chinese payment brands: Alipay, WeChat Pay and China UnionPay. Citcon is a total omnichannel commerce payment provider with technology integration and service teams based in North America, Europe and China.
This new partnership with IT Retail gives grocery stores using IT Retail POS an immediate opportunity to start accepting payments from mobile wallets in stores. Mobile wallets are highly secure due to the use of dynamic QR codes and safe due to their contactless nature. They are highly used by Millennials and Asian customers, so they will enable faster transition to cashless operating environments in stores.
“This partnership will dramatically increase penetration of PayPal, Venmo and other wallets in North American grocery stores,” said Wei Jiang, president of Citcon. “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 U.S.”
“This partnership will increase grocer profitability while allowing more opportunities to satisfy customers during a time when contactless payments are very desirable,” said George Goodwin, fourth-generation grocer and marketing head at Riverside, California-based IT Retail. “Our strong partnership will keep profitability up while maintaining an excellent customer experience in and outside the store.”
Founded in 2015 and headquartered in San Jose, California, Citcon enables billions of mobile wallet consumers to shop and pay anywhere, anytime around the world with its industry-leading digital payment offering.
