Resumen
Lakala is a Chinese company providing acquiring and payment services. Its market is China, where cashless payments have long been the norm in both retail and services.
What an acquirer does in China
An acquiring company connects merchants to cashless payment acceptance: it supplies or configures equipment, processes transactions and credits revenue to the seller. The Chinese market stands out because mobile payments hold a huge share alongside bank cards, so an acquirer typically handles several types of payment.
Who it interests
- Retail and restaurant chains opening outlets in China.
- Foreign brands entering the Chinese market through their own stores.
- Partners looking for a local acquirer for joint projects.
Coverage
China.
What to clarify
Supported methods, pricing, settlement timing, merchant requirements and options for non-residents are not described publicly. These should be discussed first: operating in the Chinese payments market usually requires local registration or an in-country partner.
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