Company Database - Asiapay

Your Trusted ePayment Partner

Founded in 2000, AsiaPay is a premier digital payment solution, technology vendor, and payment service provider. The company strives to bring advanced, secure, integrated, and cost-effective electronic payment processing solutions and services to banks, corporates, and e-businesses in the worldwide market, covering international credit card, debit card, wallets, prepaid card, cash-counters, BNPL, and others.

Core solution

Provide integrated multi-channel digital payment acceptance and technology to corporates and banks across Asia, with 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

  • Merchants: hotels, airlines, travel and transportation 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

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

The leading DIGITAL PAYMENT SERVICE & TECHNOLOGY player in Asia-Pacific and beyond

Service Provider Type

Payment Gateway

Yes

Cryptocurrency payments solution

Yes

Channels - Context

Online

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

POS/In store

Yes

Omni channel

Yes

Payments capabilities

Hosted pages

Yes

Whitelabel solution 

White-labeled IPG and ACS solution (banks)

Recurring billing

Yes

Payment methods supported

Credit cards/ debit cards/ prepaid cards/ online banking/ ewallets/ 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, smartPOS

Settlement currencies

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 the acquirer

Tokenization

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

Pay-out/Disbursements

Yes

Payments orchestration

Yes

Reconciliation and reporting 

Yes 

B2B payments 

Yes

ERP integration 

Provide 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 & 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. Also works with 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

Lending

Partner with lending partner

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 many more

Awards

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

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

  • 2021/ FinTech Awards 2019-2020 in Corporate Payments Initiative by etnet (HK)

  • The High-Growth Companies of Asia Pacific 2020 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 builds 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 upon request

Transaction value 

More information upon request