International Data Corporation (IDC) has officially released its 2026 IDC China FinTech Power Force 50 list, naming XGD.Inc among the selected companies in recognition of its comprehensive capabilities and long-standing expertise in payment technology.
As digital transformation across the financial services industry enters a more advanced stage, market expectations for technology providers continue to rise, with greater emphasis on integrated capabilities and end-to-end implementation. The 2026 IDC China FinTech Power Force 50 focuses on technology service providers with proven commercial models and the capacity to deliver solutions at scale. Its evaluation covers multiple dimensions, including market validation, end-to-end service capabilities, technological independence, compliance, and contributions to the broader industry ecosystem. XGD.Inc's inclusion reflects recognition from an international industry research firm of its strengths across these key areas.
Delivering at Scale, Demonstrating Commercial Value
As a leading global payment technology services provider, XGD.Inc operates a dual-engine business model built around payment hardware and payment services.
In payment hardware, the company has shipped more than 50 million electronic payment devices cumulatively, ranking among the world's top 10 providers for multiple consecutive years. Its NEXGO CLOUD platform now connects more than one million payment terminals. In payment services, its wholly owned subsidiary, JLPay, holds a nationwide bank card acquiring license and serves more than 20 million merchants, processing approximately RMB 1.47 trillion in annual transaction volume.
In the first half of 2026, XGD.Inc recorded revenue of RMB 1.938 billion, up 26.90% year on year. From hardware shipments to merchant services, the company continues to demonstrate its ability to deliver at scale in real-world commercial environments.
End-to-End Capabilities Across Diverse Scenarios
XGD.Inc's business spans three core segments: intelligent manufacturing, merchant services, and global payments and collections. The company is also accelerating the integration of AI across its business.
In intelligent manufacturing, XGD.Inc offers a comprehensive portfolio of payment terminals and industry solutions, including smart POS terminals, QR code payment terminals, facial recognition payment devices, and smart cloud speakers. These solutions serve a wide range of industries, including food service, hospitality, retail, transportation, logistics, banking, and healthcare.
In merchant services, XGD.Inc combines payment capabilities with business management tools to help small and medium-sized merchants digitize their operations. Its value-added services cover membership management, store operations, marketing, and reporting, supporting more efficient day-to-day business management.
Through PayKKa, its cross-border payment brand, XGD.Inc supports collections in more than 10 major currencies and merchant acquiring across more than 150 currencies, serving leading global e-commerce platforms such as Amazon, TikTok Shop, Lazada, and Shopee.
XGD.Inc continues to integrate AI into payment terminals, merchant operations, risk control, and operational management. By bringing together hardware, services, and AI capabilities, the company is building an end-to-end offering that addresses diverse business needs across multiple industries.
Advancing Independent Innovation and Strengthening Compliance
As of mid-2026, XGD.Inc had accumulated 105 invention patents, 19 international patents, 467 software copyright registrations, and 515 trademarks. The company has also achieved a strong portfolio of international certifications, including the world's first MPoC software product certification issued by the PCI Security Standards Council, alongside RED, EAA, PCI P2PE, PCI SLC, and PCI PIN certifications.
Its global regulatory credentials include a Payment Institution (PI) license in Luxembourg, a Money Services Business (MSB) license in the United States, and a Money Service Operator (MSO) license in Hong Kong. XGD.Inc is the only payment technology company listed on China's A-share market to hold a Luxembourg PI license.
From technology research and development to compliance, and from product certification to global licensing, XGD.Inc continues to advance innovation and compliance in parallel, establishing a solid foundation for its international business expansion.
Fostering an Open and Collaborative Industry Ecosystem
XGD.Inc is committed to building an open, collaborative payment ecosystem by working closely with partners across the industry value chain.
In China, its wholly owned subsidiary JLPay collaborates with banks, acquiring institutions, SaaS providers, and industry solution providers to help small and medium-sized merchants digitize their operations, reduce costs, and improve efficiency.
Globally, PayKKa works with leading e-commerce platforms and businesses expanding overseas to simplify cross-border transactions and lower barriers to international commerce. Meanwhile, NEXGO, XGD.Inc's international brand, partners with global channel partners and acquiring institutions to expand payment terminal deployment and maintenance services, bringing payment infrastructure to an increasingly broad range of business scenarios.
From domestic merchants to global enterprises, and from payment processing to broader business enablement, XGD.Inc continues to work with its partners to unlock the wider value of the payment ecosystem.
XGD.Inc's inclusion in the 2026 IDC China FinTech Power Force 50 recognizes its sustained commitment to financial technology and marks another milestone in the company's development. Looking ahead, XGD.Inc will continue to focus on its core businesses, advance innovation in emerging technologies, and strengthen its technology and service capabilities. Through secure, efficient, and scalable payment technology solutions, the company aims to work alongside global partners to support the high-quality development of the financial technology industry.
