Samarkand Group PLC (AQSE:SMK) announced an agreement for the use of its Nomad Checkout cross-border technology product with the Hong Kong-based e-commerce beauty firm Strawberrynet.
Strawberrynet has over 4 million customers in more than 200 countries and offers an extensive range of products from over 800 international brands, Samarkand said in a statement.
Strawberrynet will integrate the Nomad Checkout Enterprise solution into its own eCommerce platform, which will enable its Chinese customers to buy directly from its website utilising Samarkand's proprietary technology.
The integration is expected to be completed in the first quarter next year.
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Samarkand said the deal with Strawberrynet marks the second significant client win for its Nomad Checkout Software as a Service (SaaS) solution in Asia, where its shareholder and partner, SF Express, has a particularly strong network.
It said joint business developments are underway with the SF Express sales teams in Japan, South Korea and Hong Kong.
"The complexities that our technology solves and the improvements it delivers to merchants and consumers alike is resonating with companies of all sizes,” said David Hampstead, CEO of Samarkand.
“We are very encouraged by the interest and now agreements with large clients in Asia who are already very aware of the huge opportunity the Chinese market represents and how our solution can help them. We look forward to deploying our solution in the coming months and accelerating our rollout to new clients."