Checkout.com is in talks with over 100 merchants in China to offer payment processing services
In brief:
- London-based Checkout.com, which was valued at $40bn in 2022, is set to grow its China office by hiring for roughly a dozen roles, a spokesperson said.
- Checkout.com picked China’s Shaoxing city for its latest networking event, Thrive, last month and the FinTech has more than 100 large-scale Chinese merchants in the pipeline, the spokesperson said.
- China is the world’s largest digital payments market. The country processed $33tn in digital payments in 2023, a number that is expected to cross $52tn by 2028.
