Megvii Technology Is Interested In Providing IoT Solutions In Pakistan
Megvii Technology Is Interested In Providing IoT Solutions In Pakistan: Megvii Technology based in Beijing is seeking to enter the Pakistani market for developing apps and other software for transportation departments and one of its services can recognize vehicles’ number plates.
Jumore Holdings Group based in Hangzhou, China is a giant conglomerate providing financial service, e-commerce and supply-chain service is interested in entering Pakistan’s market with a financial solution platform to assist entities in collecting capital from their clients.
According to the official, this sort of a service would facilitate two companies’ working in conjunction on various projects in several sectors.
Jumore Holdings Group based in Hangzhou, China is a giant conglomerate providing financial service, e-commerce and supply-chain service is interested in entering Pakistan’s market with a financial solution platform to assist entities in collecting capital from their clients.
According to the official, this sort of a service would facilitate two companies’ working in conjunction on various projects in several sectors.
Megvii Technology is an industrial internet of things solution provider. Megvii Technology platform is being used by many popular brands like Alipay, mobile photo editing app provider Meitu, ride-hailing service Didi Chuxing, computer maker Lenovo Group, smartphone supplier Xiaomi, China Merchants Bank and China Citic Bank.
China Boqi Sci-Tech Company, providing environmental protection solutions on flue-gas desulfurisation and denitrification, as well as pursuing solid waste disposal and water pollution treatment, clean energy and energy saving projects, is already pursuing some projects in local market.
“They would like to connect with local project potential partners for further discussion,” an industry official said.
Pakistan has no online payment gateway so far. Avanza Group and Premier Systems signed an agreement in August this year to formally establish Avanza Premier Payment Services, the country’s first domestic online payment gateway, which would spur innovation in the domestic market by encouraging the community to pay online and make digital payments easier and widely available for banking customers.
Earlier this year, Ant Financial Services Group, an affiliate of Chinese e-commerce giant Alibaba, agreed to acquire 45 percent stake worth around Rs20 billion in a subsidiary of Norwegian telco Telenor to broaden access to financial services through digital payment solutions.
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