AstroPay completes six-month pilot of prepaid card in China

Monday 3 November 2014 08:27 CET | News

AstroPay, a cross-border payment services provider in Latin America, has completed a six-month pilot phase selling its virtual, prepaid AstroPay Card in the Chinese market.

In the short time that the company has been operating in the country, AstroPay has sold around USD 1 million in card value to Chinese consumers and as a result, has decided to ramp up its efforts in China.

AstroPay cards are available for purchase on its website and on the websites that are integrated with the company. Consumers in China have been using both to buy the cards and use them to make purchases without revealing their banking information.

AstroPay is a UK-based payment solution provider that operates in Latin America. It provides payment solutions to consumers and businesses, addressing issues like capital controls, payment rejections, local taxes, fraud and credit approval.

In June 2014, AstroPay launched Ripple LatAm, a money service business to use Ripple for payment transactions.

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Keywords: AstroPay, pilot, prepaid, card, China, Latin America, cross-border, payment
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce