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
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
Channels - Context
Online
Yes. Online and mobile-responsive web. Mobile app SDK support.
POS/In store
Omni channel
Payments capabilities
Hosted pages
Whitelabel solution
White-labeled IPG and ACS solution (banks)
Recurring billing
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
Payments orchestration
Reconciliation and reporting
B2B payments
ERP integration
Provide interface/plug-in for popular ERP platforms
E-invoicing (automated)
Yes. eStatement advice provided to merchant online
Factoring
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
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
Lending
Partner with lending partner
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