The mobile payment sector in China has experienced robust growth in the past few years at a speed nearly ten times that for PC-based payments. Li Yan, the founder of WeiPass took the stage at TechCrunch Shanghai last week to talk about how the mobile payment appcessory company is going to tap the thriving market.

The crucial problem in developing a mobile payment device for O2O industry is how to best connect online and offline resources, according to Li. “Online transactions will naturally bring offline behaviors. After purchasing group-buying service online, the next step will be to valid or redeem the e-coupons offline.”

The company’s latest product WangPOS is designed to achieve this goal. WangPOS is an android-powered POS machine that supports NFC, Bluetooth and WiFi connection, and camera. After a merchant types in an amount, WangPOS will generate a QR code for users to scan with either WeChat, Alipay or Baidu Wallet.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.