Spencer Xu, CEO of North American digital wallet “Snaplii”, was invited to attend the 2023 Harvard College China Forum to discuss the future of digital wallets

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The 26th Harvard China Forum was held at Harvard University in Boston from April 7th to 9th, 2023. This grand event attracted thousands of global dignitaries and elites, becoming a media observation of the latest global trends in Chinese entrepreneurship. In the most popular “Entrepreneurship Forum”, Spencer Xu, the founder of Snaplii, a North American mobile payment brand headquartered in Canada, was invited to share his insights.

At the event, Spencer shared his inspiring story of how he achieved success in Canada as an ordinary international student with no money and no resources，and how he broke through the class step by step, breaking out of the limitations of his status and building a successful career in Canada.

In 2005, while still in high school, Spencer Xu came to Canada to establish his roots in a foreign country. Later, due to his own “rebellion”, he was cut off from cash flow by his father, but he was determined to make his own fortune. After graduating from university, he joined CIBC, one of Canada’s top five banks, with outstanding abilities. He then became a partner of a local wealth management company before the age of 30, earning his first bucket of gold in his life.

Targeting the “going global” opportunity for China’s mobile payments

With his innate business talent and keen business sense, Spencer Xu quickly discovered another blue ocean: mobile payment. At that time, China had become the most mature country in the global development of mobile payments, and Chinese consumers had become accustomed to using mobile payments, while Canada was still in the early stages of mobile payments at that time. Spencer decided to start his own business and launched the digital wallet Snaplii in Canada, dedicated to providing people with a more convenient, secure, and efficient way to pay.