September, 2025. Shanghai, China – At the 2025 Inclusion Bund Conference and the American Express Ecosystem Partner Summit themed "Payment for Innovation, Life at Heart," JLPay, a leading third-party payment institution in China and a subsidiary of XGD Inc., was invited to participate and was awarded the prestigious "Co-Creation Award in Payment Scenarios" by American Express in recognition of its outstanding achievements in payment innovation.

Founded in 1850, American Express is the world's largest independent card issuer and the only global payment clearing institution with both card-issuing and merchant-acquiring capabilities. It was also the first foreign financial institution to obtain domestic clearing qualification in China. During the summit, JLPay and American Express engaged in in-depth discussions on payment innovation practices and value creation in cross-border travel, jointly exploring new growth potential for the payment ecosystem.

For years, JLPay has adhered to the principle of "Payment for the People," focusing on two core strategies: technological innovation and scenario-based integration. Addressing pain points such as difficulties in foreign card acceptance, long settlement cycles, and high risk management costs in cross-border transactions,  JLPay has introduced a series of solutions, including smart POS terminals for foreign card acquiring and streamlined settlement services for offline merchants. Its smart POS devices are compatible with global card schemes such as Visa, Mastercard, and American Express, supporting chip, NFC, and other diverse payment methods, effectively removing barriers for overseas visitors. Meanwhile, its optimized clearing solutions significantly shorten settlement cycles for foreign card transactions, reducing financial pressure on merchants.

By capturing market needs with precision,  JLPay has continuously launched tailored payment products across diverse sectors, extending the value chain and building a multi-dimensional payment ecosystem. Through close collaboration with American Express, the two parties have co-developed a standardized and efficient payment model that integrates acceptance, settlement, and risk management, serving industries such as tourism, hospitality, and cross-border retail.

This award represents American Express'recognition of JLPay's forward-looking exploration and practical achievements in scenario-based payment solutions. It also lays a solid foundation for further co-creation in product development. Looking ahead,  JLPay will remain customer-centric, accelerating technological upgrades and scenario-based innovations, while working with partners to create greater value for merchants and end users, and driving the industry toward an intelligent and scenario-driven future.