We are happy to announce a memorandum of understanding collaboration between Findora and Citcon, an “all-in-one” global payments gateway which offers end-to-end omnichannel support for online and in-store merchant payments. The two companies are to jointly explore the future potential usage scenarios in privacy transactions in the global, cross-border paymenst industry.
“We’re excited to partner with Citcon and support their growing transaction platform while demonstrating our bleeding-edge platform at scale,” said Matt Arney, Head of Growth at Findora. “Today’s payment providers require high privacy transaction technology that sits at the intersection of security, scalability and auditability, and Findora has built that solution through innovation and pioneering work in the past years.”
This will be achieved using Findora’s zero-knowledge ledger database (zkldb), in addition to technologies such as verifiable delay functions and advanced zk-proofs such as supersonics, bulletproofs and PLONKs.
Founded in 2015, CITCON is a leading payment technology company, building a payment infrastructure that enables global merchants to accept payments from billions of fast-growing mobile wallet consumers through web, mobile and in-store channels around the world. Mobile payment provides a more user-friendly, secure, and safer contactless shopping and payment experience for both consumers and merchants compared to other payment options. CITCON’s secure, scalable and open system allows businesses to quickly and easily accept domestic and international mobile wallets by using a single API suite and an integrated processing and fund settlement platform. Millions of mobile wallet consumers are now able to shop and pay at tens of thousands of merchants, online, mobile and in-store. Headquartered in Silicon Valley, California, CITCON has five regional offices in the U.S., Canada, Europe and Asia. For more information
“Citcon offers payment solutions to scale and grow businesses of all sizes, and core to Citcon’s forward-looking strategy is to develop solutions that can support blockchain applications and enhancing transaction privacy for our customers worldwide,” said Chuck Huang, founder and CEO at Citcon. “We’re eager to work with Findora through this MOU relationship which could help us to achieve the goal as they aim to be one of the fastest, most secure, and auditable networks in the blockchain space to diversify our offerings.”
As a leader in the payments sector, Citcon offers one of the broadest ranges of app-enabled QR code-based payment solutions and third-party POS and eCommerce system integrations on the market, along with credit card and debit card processing business. At present, Citcon is used by many high-profile retail and e-commerce clients in fashion, retail, global transportation, entertainment, food and beverage sections.
Furthermore, merchants are using Citcon can enable low-fee QR code payments using mobile devices. Citcon will be exploring with Findora to enable the highest privacy while still meet the compliance requirement for auditability.
For further information please contact:
Findora Foundation Ltd.
Abram Smith, Media Relations