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Company Database - AsiaPay

Your Trusted ePayment Partner

 

AsiaPay, a leading payment service and technology provider in Asia since 2000, offers all-in-one award-winning and integrated digital payment services to merchants in APAC. Covering 100 payment methods in APAC: credit/debit Cards, eBanking, digital wallets, BNPL, over-the-counter, cryptocurrency; multi-channel, currency, language payment interface support; advanced digital payment technologies.

Core solution 

Provide integrated multi-channel digital payment acceptance and technology to corporates and banks across Asia over 200 bank and alternate payment partners, enhancing sales conversion, service to customers, productivity, and security and risk controls, with experienced local account and technical support in 11 markets in Asia.

Target market

  • Hotel, airlines, travel and transportation, marketplace, retail, insurance, media and entertainment, professional services, and others. 

  • Marketplaces

  • PSPs

  • Fintech

  • Banks

  • Crypto

Contact details

Carl Kong & Associate Director, Business Development

Geographical presence

Global, APAC

Year founded

2000

Investors

Joseph Chan Wing Cheung

License type

Applications in progress for new licenses in Asian countries

Member of industry association and/or initiatives

EMVCo, Plug and Play, various fintech associations across countries in Asia

Company's motto

To be the leading DIGITAL PAYMENT SERVICE & TECHNOLOGY player in Asia-Pacific and beyond

Service provider type

Payment Gateway

Yes

Main area of focus

Fintech and Future payment / Digital payment

Channels - context

Online

Yes. Online and mobile-responsive web. Mobile app SDK support

POS/In store

Yes

Payments capabilities

Hosted pages

Yes

White-label solution

White-labeled IPG and ACS solution (banks)

Recurring payments

Yes

Payment methods supported

Supported: credit cards, debit cards, pre-paid cards, online banking, e-wallets, mobile/ SMS, IVR, alternative payment methods, offline bank transfers in over 16 countries, a selection of local voucher/cash-on-delivery payment methods, ATM payments, and cash over the counter, smart POS.

Settlement currencies

Support up to 144 currencies (EUR/GBP/USD/RMB/JPY/THB/AUD/NZD/TWD/INR/HKD)

Instant settlement 

Yes. Choice of daily T+1 settlement from acquirer

Tokenization

Yes. Support card schemes' VTS/MDES and In-house customised module

Pay-out/Disbursements

Yes

Payments orchestration

Yes

Cryptocurrency payments solution

Yes

Reconciliation and reporting

Yes

B2B payments

Yes

Operational efficiency:

  •  ERP integration Provides interface/plug-in for popular ERP platforms

  •  E-invoicing (automated) Yes. eStatement advice provided to merchant online

  •  Factoring Yes

Reporting/dashboards

Consolidated data and reporting dashboard Provides near real-time online analysis of payments from sales summary, transaction amount to customer's shopping habits (e.g., payment methods, payment channel, geographical location, etc).

Fraud and risk management capabilities

Chargeback management

Yes 

Fraud ratio

PSD2/SCA less than 0.01%

Fraud and risk management partners

In-house R&D Fraud detection and alert system. Work with also G2 and Austreme

Financial and compliance capabilities

FX - number of currencies available

144+

Multi currencies virtual IBAN

Subject to acquirer support

Current account/settlement account

Yes

Embedded finance/ Lending to SMEs or merchants

Yes

Embedded finance/ BNPL for consumers

Yes

Instant settlement

Yes

Clients

Main clients/references

ACCOR Hotels, SHANGRI-LA, THE PENINSULA, CATHAY PACIFIC, Manulife, MTR, IKEA, BRITISH COUNCIL, DHL, BMW, McDonald's, Lenovo, Orbis, and more

Awards

  • Best Payment Solution Provider Asia Pacific 2022 by Global Banking & Finance Review Magazine

  • Fintech awards 2022 Outstanding all-rounded digital payment platform by ET NET

  • Professional Payment Platform Service in the Professional Financial Institutions Service Award 2022 by HK Commercial Newspapers

  • Most Innovative Payment Solutions Provider – Southeast Asia 2021 by PAN Finance

  • Market Leadership in Payment Gateway Award 2019/2020 by Hong Kong Institute of Marketing

  • FinTech Awards 2019-2021 in Corporate Payments Initiative by ET NET (HK)

  • The High-Growth Companies of Asia Pacific 2021 by Finance Times

  • The Best Retail Innovation – Industry Recognition Award by HK Retail Technology Industry Association

  • Stars of China 2020 Innovation in Payments by Global Finance, 2020

  • On the list of Visa Global Registry of Service Providers 2020

  • The Best Payment Solutions Provider Asia Pacific 2020 By Global Banking & Finance Review (APAC)

Future developments

AsiaPay continuously grows by further market expansions and build stronger partnerships with its integrated payment features and solutions. The company will continue to uphold its company’s reputation as the premier payment gateway suited for all types of businesses internationally. It will continue to bring regional, advanced, comprehensive, integrated, and secure services to the market.

Transactions

Transaction volume

More information available upon request

Transaction value

More information available upon request