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99 Wuxian Limited, China UnionPay Sign Agreement to Launch New Cloud-based Point of Sale ("POS") Platform

Highlights
 
-  New cloud-based POS application platform agreement brings a significant new business opportunity with China UnionPay
 
-  Accelerates development of 99 Wuxian’s O2O (online-to-offline and offline-to- online) strategy by integrating 99 Wuxian’s online capabilities with China UnionPay’s offline POS infrastructure
 
-  China UnionPay is the only domestic bankcard clearing service organisation in the People’s Republic of China.
 
Hong Kong, 28 October 2014: Leading Chinese mobile commerce company 99 Wuxian Limited (ASX:NNW) (“99 Wuxian” or the “Company”) is pleased to announce it has signed an agreement with China UnionPay to launch a new cloud-based POS platform with China UnionPay. This is a landmark agreement as China UnionPay is the only bankcard organisation and interbank network in China.
 
 
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