FUUPAY Provides Payment Solution for Chinese Live Commerce
In China, influencers (网红, Wang Hong) is being spotlighted as a marketing tool that has the most impact on corporate sales.
Now, FUUPAY partnered with the Wanghong Alliance under the Chinese government to provide payment solutions to Chinese influencers’ live commerce.
FUUPAY announced on July 31 that it has signed an agreement with the AIS Wanghong Federation and Beauty Korea to jointly develop the Wanghong platform.
Members of Miko Leaders (about 400 members from the Miss Korea finalists ) of Beauty Korea Co., Ltd. will be working as Wang Hong, and related education and support will be provided from the AIS Wang Hong Federation.
When they become active in live commerce, payments occurred in this activities will be paid with FPT, FUUPAY token.
Beauty Korea Co., Ltd. is promoting business for global commerce such as entertainment, K-Beauty Agency, home shopping alliance, Miko Leaders Management, Beauty Academy, Hallyu products, etc.
Wanghong is a Chinese influencer who works online. It refers to influential individuals who have a large number of followers on Chinese SNS such as Weibo, Weixin and WeChat.
As marketing through Wang Hong becomes active, the importance of Wang Hong’s role in product sales is increasing. The AIS Wanghong Federation was established for a healthy Wanghong culture.
FUUPAY, recently listed on the GDAC exchange, plans to significantly strengthen the simple payment service part in preparation to support Wang Hong’s sales management and payment.
It also plans to support events such as art auctions and the introduction of art products of famous brands through Wanghong, and distribute the products overseas through Wanghong as well.
FUUPAY, which is preparing to enter the global market, is now drawing attention in the financial fintech payment field.
Source: Sisa Magazine: http://www.sisamagazine.co.kr/news/articleView.html?idxno=327825
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