Newland Digital Technology Explained

Newland Digital Technology
Type:Public
Industry:Point of sale, Payment terminals
Hq Location City:Fujian, China

Newland Digital Technology Co., Ltd., previously known as Fujian Newland Computer Co., Ltd., is an IT products and services provider headquartered in Fuzhou, Fujian in China.[1] It provides service and application products based on networking for markets in data identification, electronic financial payment, mobile communication support, expressway information systems, cloud computing and big data services.

History

The company was founded in 1994 by Hu Gang.[2] [3] It was listed as a public company on the Shenzhen Stock Exchange in 2000 and became the first A-share listed company in Fujian Province in 2005.[2] [4] In 2010, the company released the world's first QR code (2D barcode) decoding chip.[5] [6] [2] In 2016, Newland acquired Fujian Guotong Xingyi Network Technology Co., Ltd., the only company in Fujian Province that obtained a national bank card acquiring license.[2] The company changed its name from Fujian Newland Computer Co., Ltd. to Newland Digital Technology Co Ltd in 2018.[7]

Subsidiaries

Newland Payment Technology (Newland NPT)

Founded in 1994, Newland NPT mainly manufactures payment terminals, PIN pads, and point of sale (POS) hardware and software.[8] [9] In 2016, it was ranked the third POS terminal supplier worldwide after Ingenico and Verifone.[10] In 2017, the company overtook Verifone and became the second-largest POS terminal manufacturer in the world.[11] [12] In the same year, the company produced the world's first full-touch screen smart POS[13] and it helped the company to receive in December the "Red Star Award", the highest design award in China.[14] In 2022, the company awarded the "National Industrial Design Center" at 5th China International Industrial Design Expo held in Wuhan.[15]

Newland AIDC

Established in 1999 as a subsidiary of Newland Digital Technology, Newland AIDC provides services in the Automatic Identification and Data Capture (AIDC) industry.[16] It operates globally as one of the world's four largest manufacturers in the field.

Newland EMEA (Newland Europe)

Newland EMEA (Newland Europe BV) is a member company of Newland Auto-ID Tech and a subsidiary of Newland Digital Technology Co. Ltd. It was founded in 2009 in Culemborg, Netherlands.[17] [18]

Newland S&T Group

Newland S&T Group is a high-tech company that supplies digital TV comprehensive solutions & wireless communication equipment and services for environment protection.[19]

Guotong Xingyi

A wholly-owned unit under Newland Digital Technology, Guotong Xingyi is an integrated payment services provider for bank card settlement.[20] Founded in 2010, it obtained its payment business license from the People's Bank of China (PBOC) in 2012.[20] [21]

Awards

External links

Notes and References

  1. Web site: Fujian Newland Computer. Forbes. April 8, 2024 .
  2. News: Xia. Feng. “跳码”交易变天？ 新大陆罕见亏损与自曝追问 (In Chinese). June 5, 2023 . Shoucai-Shoutiao Financial Research Institute.
  3. . June 2022 . Newland SmartPOS Device . The Nilson Report. 1222 . 13. Newland has been manufacturing since 1994.
  4. News: Kecun . Kitchen . 电子支付行业上市公司大盘点——支付行业仍大有可为 (In Chinese). November 7, 2018 . mpaypass.com.
  5. News: Newland release the world's first two-dimensional decoder chip. November 25, 2010 . China IP Magazine.
  6. News: Newland releases the world’s first 2D-barcode decoding chip. November 19, 2010 . EuroShop.
  7. News: Fujian Newland Computer To Change Company Name To Newland Digital Technology Co Ltd. April 8, 2024. October 28, 2018. Reuters.
  8. Book: . 2022 . Global Point-of-Sale Terminal Market. Meticulous Research . 215.
  9. News: Virtual Payment Pos Terminals Market May Set New Growth Story, Fujian Newland Payment Technology, Samsung, PAX Technology, Ingenico. January 28, 2022 . iCrowdNewswire.
  10. . July 2017 . Top manufacturers of POS terminals worldwide . The Nilson Report. 1114 . 11. Fujian Newland remained the third largest manufacturer worldwide with an increase of 330,168 million units shipped and was Asia–Pacific's top vendor..
  11. . July 2018 . Newland Payment Technology POS Terminal . The Nilson Report. 1135 . 5. Last year, Newland Payment Technology shipped 8.7 million devices and overtook Verifone to become the second largest POS terminal manufacturer in the world..
  12. News: Largest Point of Sale terminal manufacturers worldwide in 2017, by units shipped. 2017 . Statista.
  13. News: 新大陆跃居全球第二大POS供应商 (Newland becomes the second largest POS provider in the world). July 24, 2018 . retail-it.cn.
  14. News: New World: Payment Ecosystem, Trusted Digital Identity and Digital RMB Start an Accelerated Growth Period. iNews.
  15. News: 新大陆支付技术荣获"国家级工业设计中心"授牌 (Newland Payment Technology was awarded the "National Industrial Design Center"). August 16, 2022 . Flush Finance.
  16. News: Newland AIDC set to capitalize on India's expanding AIDC market with manufacturing plans and innovations. April 8, 2024. October 31, 2023. Times Now.
  17. News: TechBridge Distribution MENA collaborates with Newland EMEA. March 25, 2024 . International Business Magazine . April 8, 2024.
  18. News: AIDC: nouveau partenariat entre Newland EMEA et Jarltech (In French). March 13, 2024 . Paris Retail Week . April 8, 2024.
  19. News: Newland S&T Group. October 15, 2018 . . April 8, 2024.
  20. News: Liao . Shumin . PBOC Fines, Seizures Cost Payment Platform Guotong Xingyi Nearly USD11 Million. January 13, 2021 . Yicai Global.
  21. News: Guotong Xingyi was fined 1.8 million for violating transaction information management regulations. It once directly affected the performance of the New Zealand mainland due to code hopping. April 2, 2024 . Futubull.
  22. News: 新大陆产品获得2017中国设计最高奖"红星奖" (Newland products won the 2017 China Design Top Award "Red Star Award"). January 3, 2018 . Fuzhou Municipal People's Government.
  23. News: Desktop intelligent POS terminal N850. 2018 . iF Product Design Award.
  24. News: Intelligent POS System N850. 2019 . Red Dot.

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