Honk Kong-based AsiaPay, a provider of electronic payment service and technology, has entered into a co-operation agreement with ChinaPay to enable AsiaPay’s merchants in Asia to readily collect online real-time payment from Chinese consumers.
This co-operation also facilitates online consumers in China to purchase goods and services of merchants in Asia in their own currency using their payment accounts in China, said AsiaPay.
Upon AsiaPay’s merchant selecting ChinaPay online service, merchants can readily enjoy real-time payment authorisation service of the China UnionPay (CUP) card, as well as the local payment settlement and various integrated reporting as well as fraud monitoring facilities, according to AsiaPay. And the service supports four processing settlement currencies — Honk Kong dollar, US dollar, euro and Japanese yen.
Joseph Chan, CEO of AsiaPay, said, We applaud the launch of this new payment service as our core business and product strategic move to enhance value-add to the business successes of AsiaPay’s merchants in Asia and China. And, ChinaPay online consumers can enjoy using of his/her CUP card or account for online shopping convenience in Asia.
Xiaofeng Li, general manager of ChinaPay, said: We are pleased to partner with AsiaPay, through work with a such professional overseas payment service provider like AsiaPay will facilitate the south Asia merchant to have a better understanding of China UnionPay card, and also offer the convenience for CUP cardholder to purchase good and service from south Asia, this is an important move for ChinaPay to join the international payment market.
