Palo Alto, California, United States
ONE Payment Alliance Corp., a collaborated payment processing service with ChinaPay, ECONTEXT, and INICIS, announced it has launched an online payment processing service for China, Japan, and Korea market with a single interface, a single merchant service, and a single payment gateway to reach out to online consumers in the three largest economies in Asia. This alliance service is available to begin online payment processing services to many global merchants wishing to conduct online business in China, Japan and Korea immediately.
Under the exclusively collaborated online payment processing service operation, ChinaPay, ECONTEXT and INICIS have worked together successfully to deliver world class online payment service in the area of a unified payment gateway, consolidated real-time payment data, including authorization, settlement, and reconciliation, a single point of contact for three countries, end to end local payment technology implementation, payment acceptance in local currencies for local customers, multiple payment method supports, settlement funding in local currencies, receive 24X7 customer services from a single support team and many other collaborated services.
"Our service is needed by global merchants to deeply penetrate into China, Japan, and Korea online consumer market to accept locally issued cards, other unique payment types, and comply with local regulations. No other service can provide a single access to China, Japan, and Korea online payment processing service similar to our capabilities. It will eliminate global merchant's repetitive administrative effort implementing each local payment, increase the capabilities in the online global business, and enjoy our alliance member's proven local services with a single connection. I am personally pleased to offer this exciting and powerful service in the constantly demanding payment industry," said Eugene Lee, VP of Sales at ONE Payment Alliance Corp.
Global merchants can have access to local payment types such as BC cards, CUP debit cards, mobile payments, internet bank transfers, convenient store payments, and also most of international brand credit cards.
About ONE Payment Alliance Corp.
ONE Payment Alliance's innovative online payment services allows global merchant to connect with online consumers from China, Japan, and Korea through our collaboration with the leading payment processors in the region. For more detail services, please visit www.onepaymentalliance.com.
About Korea Alliance Member INICIS Co.
INICIS Co. Ltd., is a leading provider of online payment service processing for online consumers, merchants, master merchant service, card issuers & acquirers, and government agencies. INICIS offers a comprehensive line of processing solutions for credit and debit cards, bank transfer, corporate purchasing cards, prepaid cards and mobile phone pay. For more information, visit www.inicis.com.
About China Alliance Member ChinaPay Co.
ChinaPay Co. Ltd., a subsidiary of China Union Pay, is a leading provider of online payment gateway service in China and has become one of china's largest and fastest-growing payments networks. A parent company, CUP, has 166 member banks, and is responsible for operating the only national bankcard network to enable and promote the acceptance of bankcards in China. For more information, visit www.chinapay.com.
About Japan Alliance Member ECONTEXT Co.
ECONTEXT is a leading provider of payment gateway services from convenient store, credit card payments, and distribution to marketing promotion for e-commerce in Japan. The company supports third parties that are engaged in e-commerce and mail order business. For more information, visit www.econtext.co.jp.
This announcement and comments made by ONE Payment Alliance's management may contain forward-looking statements pursuant to the "safe-harbor" provisions. These forward looking statements involve risks and uncertainties such as product & service demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the company's local SEC filings. The company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.
Source: Business Wire (Business Wire India)