Glance Technologies Inc. (
CSE: C.GET.CN,
OTCQB: GLNNF,
Forum) said Monday it has reached a definitive agreement with Euro Asia Pay Holdings Inc. to license its existing mobile payment system to create an app tailored for residents, students and tourists in North America, Asia and Europe.
Glance Pay is positioned to provide payment services that are similar to the ones in China and Europe using its Glance Pay Anywhere technology, which allows users to initiate and send payments to merchants from any location.
Alipay and WeChat together hold a commanding 90% of the market in China, leaving Apple Pay struggling to make inroads. This creates an opportunity to provide the alternative for visitors and new residents from China in Canada and the U.S.
More information can be found
here.
Glance Technologies was in the news amid reports that the global Mobile Payment Technology market is expected to be worth US$1,773.17 billion by the end of 2024 and growing at a CAGR of 20.5%, according to a research report by Transparency Market Research.
FULL DISCLOSURE: Glance Technologies Inc. is a paid client of Stockhouse Publishing.