SUNMI Technology signs Eurasia fintech expansion agreements in Hong Kong

SUNMI Technology has signed cooperation agreements with two local partners in Hong Kong, marking a significant step in its global expansion strategy. At the 11th Belt and Road Summit, the company announced partnerships with Türkiye-based fintech firm TOKEN and Mongolia-based digital bank M bank. These agreements aim to leverage SUNMI's commercial IoT and digital commerce capabilities alongside the partners' local expertise.

In Türkiye, SUNMI and TOKEN will explore digital commerce solutions for banks and offline merchants. This collaboration combines SUNMI's commercial IoT technologies with TOKEN's payment solutions and in-depth knowledge of the local market. Similarly, in Mongolia, SUNMI will join forces with M bank to develop digital financial services and smart devices for small and medium-sized businesses.

The objective is to bring together commercial devices, cutting-edge technology, and digital financial services to create new solutions tailored to the needs of local businesses.

Sam, SUNMI's Chief Marketing Officer, emphasized the importance of Hong Kong as a strategic gateway connecting China with global markets. By partnering with TOKEN and M bank, SUNMI aims to make digitalization more accessible to businesses across Eurasia. The company plans to continue its global ecosystem strategy by working closely with local partners to integrate smart devices, business software, payments, and digital services.

These agreements represent a crucial milestone in SUNMI's ongoing efforts to expand its footprint in Eurasia and drive digital transformation in local markets.