The Fortune Global Tech Forum: UnPay Wins Fortune China Innovation Award; to Empower Digital Payment 4.0 Worldwide

December 01, 2018 - 01:41
The Fortune Global Tech Forum: UnPay Wins Fortune China Innovation Award; to Empower Digital Payment 4.0 Worldwide

GUANGZHOU, CHINA - Media OutReach - December 3, 2018 - The annual Fortune Global Tech Forum, held for the second time in China,saw a convergence of the brightest and most innovative people in thetechnology, media, entertainment and finance industries. Onefintech startup stood out above the rest; UnPay, a global fintech company that enables cross-borderfinancial services via its open platform, baggedthe highly-coveted Fortune China Innovation Award in theFintech and Blockchain category.

UnPay CEO, Zhenghua at the panel


The Fortune China Innovation Award competition aimed to uncover the most promising startups across avariety of industries. Each of the 12 finalists showcased the innovation oftheir products and services within four minutes, and then withstood a gruellingquestion and answer segment from the judges.

Co-founder, Jenny, receiving Fortune China Innovation Award from the judges


UnPay's co-founder Ms Jenny Zhao, impressed the judgeswhen she highlighted the platform's unique capability in providing aone-stop, global payment service. As the first company to deliver acomprehensive portfolio of financial services end-to-end, UnPay also has loftyambitions to construct a global hub that integrates capital and informationexchanges for merchants around the world. Those lofty ambitions paid off withthe innovative company walking away with the esteemed award.


In addition to its big win in the competition, UnPay CEOand Founder, Mr Zhang Zhenghua, also shared his insights on the paymentlandscape as well as his vision in providing aglobal network of financial services, at the panelFintech:Who Needs Cash, Anyway?


Commenting on the state of payment, industry veteran andpayment powerhouse, Zhenghua, said that the worldis currently embracing mobile payment. As the leader in this area, China hasthe capability to help emerging markets develop and digitalise their paymentecosystems. These markets, which account for over 60% of the countriesworldwide, can upgrade their societies to the next level throughdigitalisation.


Augmenting his point on China'sleadership, Zhenghua observed that China is already in digital payment 4.0 andhas ushered in a new era of digital payment. Payment 1.0 started with bartertrade, 2.0 with paper money, 3.0 with global credit cards and the current phaseof 4.0 with digital payment. 


To enable emerging markets to keep upwith the worldwide push for cashless societies, UnPay aims to empower digitalpayment capabilities via its platform. It also strives to provide an extensivenetwork of payment exchange services worldwide that will increase efficiency inglobal trade, capital and services.


The theme of this year's forum was "Innovation in the Ageof Artificial Intelligence". The two-day event shone the spotlight on the rapidpace of technological advancement and evolution of trends. Prominent speakers came from the world's most successful enterprisesand conglomerates such as Ant Financial, Ctrip and Tencent.


Founded just a year ago, UnPay isalready connected to over 500 mainstream payment methods in more than 200countries and regions. It currently has over 14 offices across various regionssuch as Hong Kong, Indonesia, India, New Zealand, the United Kingdom andits regional headquarters in Singapore.


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