Goldpac
has a slew of developments since its results for the six months ended June 2017
(view commentary here).
Among the announcements, notably there are two major developments:
JD Finance, the internet finance arm of
the major e-commerce player, JD.com, collaborates with China Industrial bank,
to issue the first internet-driven banking card in China, the JD Gold Card.
This marks the first move by a major
e-banking player to issue bank cards for capturing wider offline opportunities and clearly
demonstrates the relevance of banking cards in providing a swift and convenient
switch between the online and offline domains (“O2O”).
With its wide capability and reputation, Goldpac has been appointed as
the major one-stop provider for this pioneer initiative.
This smart card enables cash withdrawals, general offline payments and in particularly, payments
for public transportation such as buses and subways. Notably, it can download apps
via Bluetooth link with mobile phones thus potentially increasing its
applications to other platforms (e.g. enable payments in other cities’
transportation system, petrol card etc).
With this single smart card, it realizes the Internet-Plus
transformation for payment cards and reduces the number of cards that consumers
need to carry by creating a single multi-purpose smart card with scalable add-on
functions through Bluetooth technology. This initiative yet is another move to
enhance the O2O connectivity in the banking and payment ecosystem.
深圳市华移科技股份有限公司董事长兼CEO肖正君先生、 广东华兴银行深圳分行行长盛红明先生、深圳市深圳通电子商务有限公司董事长王东军先生以及金邦达有限公司总经理兼首席战略官李远刚先生参与了签约仪式并发表讲话。(From left, representatives are from CNMOBI, Guangdong Huaxing
Bank, ShenZhenTong and Mr. LI Yuangang, General Manager of Goldpac
Limited)
As a demonstration of its innovation capabilities in the mobile finance
domain, Goldpac has been selected by Guangdong Huaxing Bank, in collaboration with CNMOBI
and ShenZhenTong, to be the provider to deliver this innovative product.
Goldpac, being selected as both the provider for
China’s First Internet Bank Card and First Bluetooth enabled Bank Card, clearly
illustrates its leadership position in the industry and its technology
capabilities.
For a company that is ranked first in China and fourth in the world in
the financial cards industry, Goldpac is trading at near 2x ex-cash PE (TTM) at
current price of HK$2.55. (view valuation here)
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