X Pay and STOREBERRY form a Strategic Alliance to Revolutionize Local E-Commerce Payments and Drive Sustainable Growth

This alliance positions both companies at the forefront of digital retail innovation, combining X Pay's rare and market-leading "Price Divider Function"—a breakthrough that empowers consumers to split high-value purchases into manageable payments—with STOREBERRY's comprehensive online-merge-offline (OMO) ecosystem. "Our collaboration with X Pay takes our omnichannel capabilities to new heights, creating a seamlessly integrated online-offline retail approach. This partnership helps merchants manage sales more easily and elevate the customer experience. X Pay's flexible payment solutions enhance our platform's growth potential, enabling more SMEs to expand their online businesses effortlessly and improve the convenience and efficiency of existing payment processes. Together, we're setting a bold new benchmark for Hong Kong's retail industry," said Cyrus So, Founder of STOREBERRY.

Key Announcements:

• Pioneering "Online Price Divider" Innovation:
  X Pay and STOREBERRY distinguish themselves by offering a market-rare "Online Price Divider" allowing consumers to split high-value purchases into manageable payments. This innovative solution enables consumers to manage high-ticket purchases easily and helps merchants unlock larger basket sizes through strategic marketing in their online stores. X Pay collaborates with STOREBERRY to address the evolving needs of Hong Kong's maturing e-commerce market, setting a new industry standard.
• Local "Buy Now, Pay Later" Market Leadership:
  With its proven track record, X Pay has emerged as the premier local "Buy Now, Pay Later" solution. Its seamless, flexible payment options drive high-value transactions, significantly benefiting merchants and consumers and reinforcing its competitive edge in digital payment.
• Rising Demand for Flexible Payments:
  With a rising demand for flexible installments, X Pay will launch innovative installment plans starting in mid-2025, featuring 6-month, 9-month, and 12-month payment options. This move not only brings more flexible payment options to premium online shopping but also paves the way for sustainable revenue growth in the future.

Hashtag: #XPay

The issuer is solely responsible for the content of this announcement.

References

1. ^{^} Media OutReach Newswire (www.media-outreach.com)