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smart-city-siteIndustry NewsKoto Corporation collaborates with UnionPay to deepen overseas cooperation and empower cross-border parking payment convenience with a new 'four party model'
Smart CityOnline Brand Column】Under the trend of global integration of smart parking and cross-border payments, China's "smart manufacturing" is accelerating its efforts to go global. As a company that has been recognized as a national level specialized, refined, innovative and small giant in the field of smart parking, Ketao Group has officially signed a business cooperation agreement with China UnionPay, and the two sides will carry out in-depth cooperation in the domestic and international parking payment markets. Relying on the innovative upgrade of UnionPay's new "four party model", KeTuo deeply integrates its scene advantages with UnionPay's technical standards and payment network advantages, jointly solving the pain points of overseas parking payments, creating a seamless cross-border parking experience for global car owners, and promoting China's smart parking ecosystem to the world.
Deeply cultivating overseas scenes and building a solid foundation for global cooperation
The story of Koto's overseas expansion began with an accidental opportunity - in the early days of the company's establishment, a product information posted on a B2B platform unexpectedly received a consultation from Singapore regarding a complete set of Chinese productsParking guidance systemThe first overseas export order has opened the door to the global market for it. Nowadays, from Asia Pacific to Europe and America, from Southeast Asia to the Middle East, Koto's smart parking solutions have taken root in various core scenarios around the world: the efficient operation of Brunei International Airport, the smooth experience of Dubai Shopping Center, the convenient management of well-known hotels in the United States, and the intelligent upgrade project of more than 200 parking lots in Hong Kong in cooperation with the largest real estate investment trust fund management company in Asia, covering multiple formats such as residential and commercial areas. Through functions such as license plate recognition and contactless parking, it completely replaces the traditional card taking mode and has won widespread praise.
Brunei International Airport
The road to going global is not simply about product transportation, but a technical "localization test". Faced with differences in license plate formats, payment habits, and traffic regulations in different countries - the high temperature of 50 ℃ in the Middle East can easily cause equipment to "heat stroke", Japanese license plates require special recognition, Europe and America prefer credit cards, and Southeast Asia prefers electronic wallets - Koto has established an overseas research and development team to carry out targeted technological breakthroughs and customized development. Nowadays, its system can recognize license plates from more than 60 countries and regions, withstand temperatures ranging from minus zero to 70 ℃, meet industrial environmental applications, and can flexibly integrate multiple payment methods to achieve "unmanned" and "intelligent" operation of parking lots. This high-quality global scene resource and mature localized service capability are the core support of KeTuo's internationalization strategy, laying a solid scene foundation for future cross-border payment cooperation with UnionPay, and providing broad landing space for the ecological synergy of "payment+parking".

  Standard collaboration breaks through the barriers of overseas parking payment
For a long time, the overseas parking market has had inconsistent technical standards, fragmented payment methods, and complex cross-border settlement processes. There are significant differences in payment habits among different regions, ranging from credit cards and cash to various local electronic wallets coexisting, which not only increases the access costs for parking lot operators, but also poses difficulties in payment and settlement for cross-border car owners. UnionPay's new "four party model" focuses on technical standard output and builds a unified systemQR codeThe innovative measures of standards and cross-border payment gateways provide key support for solving the challenges in this industry. As of now, UnionPay has promoted cross-border QR code interconnection cooperation in more than 50 countries and regions overseas, covering multiple regions such as Asia Pacific, Middle East, Europe, Africa, etc., driving tens of millions of overseas UnionPay QR code acceptance merchants and forming a cross-border payment ecosystem covering daily consumption scenarios such as catering, shopping, transportation, and travel. At the same time, UnionPay adheres to the concept of international responsibility, openness and win-win, and through technological empowerment and resource integration, has launched a series of practical measures such as consumer discounts to reduce costs and increase efficiency for partners, and to enable cross-border consumers to share payment convenience.
Ketao Group will deeply integrate with UnionPay, and through standardized upgrades, Ketao's overseas parking lots can achieve seamless connection with UnionPay's global payment network, supporting diversified payment methods such as UnionPay cards and cloud flash payments; At the same time, by integrating core technologies such as AI license plate recognition, intelligent parking guidance, and unmanned management, Chinese car owners can enjoy a convenient experience of "scan code to pay" and "no sensory deduction" when parking overseas without adapting to local payment tools, truly realizing the seamless connection of cross-border parking payments. At the same time, relying on UnionPay's compliance system and risk control technology, both parties will jointly ensure the security and compliance of cross-border transactions, and reduce the operational risks and management costs of overseas parking lots.

  Deep integration of scenarios, extending the "tentacles" of cross-border convenient services
As the core operator of smart parking scenarios, Koto Corporation is the "last mile" for payment services to reach car owners and merchants. Under the ecological collaboration framework of UnionPay's new "four party model", both parties will focus on high-frequency cross-border travel scenarios and promote the extension of payment facilitation services to global parking consumption terminals.
Relying on the industrial synergy advantages of UnionPay's new "four party model", KeTuo will combine China's mature experience in smart parking with convenient payment services, promote it to more countries and regions, inject Chinese strength into building an open, inclusive, mutually beneficial global payment and smart transportation ecosystem, and make "China Parking" and "China Payment" an important bridge connecting the world together.
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