WestSummit Captial, a technology investment firm based in China, has announced that it will be investing in projects from Union Optech, an optical lens manufacturer, and INSIDE Secure, an NFC technology provider from Europe. WestSummit has extensive history in investing in growth stage technologies, powering their progress and making new products ready from commercialization. The company believes that its latest investments will be beneficial for the technologic ecosystem of China, especially as the country becomes more interested in mobile commerce.
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INSIDE Secure has been a leading developer of NFC technology for some time. The company is behind some of the most advanced digital wallet payment platforms and has made breakthroughs in making mobile payments more secure. With financial backing from WestSummit, the company is likely to make major progress in developing and commercializing new mobile payment platforms and security features.
China is becoming a hotbed for NFC technology. Smart phone ownership is on the rise throughout the country and many major telecommunications companies are choosing to launch new NFC-enabled mobile devices in China before anywhere else in the world. INSIDE Secure is expected to be one of the country’s leading authorities concerning NFC technology and mobile payments, especially if it is able to produce reliable and safe payment platforms for consumers. Indeed, the company, and others like it, may hold the future of China’s mobile commerce industry in its hands, as the fate of the industry will be determined by how consumers respond to mobile payments.