Clear2Pay, an international technology provider of payment solutions for financial institutions, has opened second office in Beizing through the acquisition of ETH Tech.
Clear2Pay Beijing will work in conjunction with the Shenzhen office on developing, integrating and implementing payments solutions within Chinese banks and other financial institutions.
Warren Gardiner, general manager Asia Pacific of Clear2Pay, said: “More and more we see business intelligence becoming part of the vital functionality in payments environments to aid financial institutions with compliance reporting and business analysis. The solutions expertise and the experience in implementation projects of our new colleagues at ETH is very valuable to us and will support our business around the globe.”
Aaron Gu, at ETH Tech, said: “Moreover, with our regional contacts in the Beijing area as well as our colleagues in Shenzhen, we increase Clear2Pay’s footprint in China, with understanding and respect of local operational and cultural differences. We are very pleased to fill in the second part of Clear2Pay’s so-called Golden Triangle strategy.”
ETH Tech provides Business Intelligence (BI) for banks, financial institutions, government agencies and large corporates. Its clients include: China Construction Bank, China National Clearing Centre, Bank of China and the central bank, People’s Bank of China. Clear2Pay China said that it will acquire 100% of the ETH shares, thus making it a full member of the group.
