Citcon USA LLC

Citcon USA LLC

Citcon USA LLC was founded in 2015 by Chuck Huang, a payments veteran who previously served as SVP of Engineering at PayPal (per Crunchbase, 2015). The company provides US merchants with integrated mobile payment solutions, enabling acceptance of Alipay, WeChat Pay, and other Asian digital wallets at physical and online points of sale. The firm's strategy centers on the cross-border payment corridor between China and North America, offering a unified software layer that translates QR-code-based mobile transactions into existing payment infrastructure. Citcon's platform serves thousands of merchants across retail, hospitality, and tourism sectors, with reported annual processing volumes in the billions of dollars (per the firm's public statements, 2019). Geographic reach spans the United States, Canada, and select markets in Europe. Citcon has raised over $60M in venture funding from investors including Norwest Venture Partners and GSR Ventures (per SEC filings, 2018). The firm operates from Santa Clara with a team of approximately 50 professionals. August 2023: Announced a partnership with Shift4 Payments to expand mobile wallet acceptance at tens of thousands of additional merchant locations (per the firm, August 2023). Unlike pure payment processors, Citcon builds its own QR-code-reading hardware and tokenization layer, giving it a structural moat in the niche of Chinese mobile wallet acceptance. The company's relationship with Alibaba's Ant Group and Tencent positions it as the primary gateway for US merchants seeking Asian tourist spend.