AsiaPay Launches PayDollar Debit Payment for APAC Region

Online, January 12, 2012 (Newswire.com) - AsiaPay, a world-class provider of Internet and mobile payment services and technologies in Asia, launches "PayDollar Debit" Payment Service, the most comprehensive debit payment option for the Asia Pacific region.

"As we reach a new milestone of AsiaPay's strong alliance with leading payment and bank partners in Asia and China, we are pleased to launch PayDollar Debit Payment Service as an alternative payment option to non-credit consumers for businesses in Asia. Consumers can now enjoy greater payment convenience and security in making online purchases in Asia while merchants can further maximize their online sales by catering to non-credit consumers who prefer to pay via direct debit," said Joseph Chan, Chief Executive Officer of the AsiaPay Group.

PayDollar Debit Payment Service enables merchants to accept and collect online real-time debit payments from consumers in China, Asia, Australia, New Zealand, and other Asian countries via bank accounts, debit cards, electronic wallets, and other prepaid products. AsiaPay's comprehensive partnerships will allow merchants to serve over one billion customer base all throughout the Asia Pacific region. Currently, it can process payments from China UnionPay, AliPay, 99Bill, TenPay, PPS (for Hong Kong), MyClear (for Malaysia), BancNet, Globe GCash, Smart Money, POLi (for Australia and New Zealand), Bangkok Bank, Bank of Ayudhya, TMB Bank, United Overseas Bank, Siam Commercial Bank, and Krung Thai Bank accountholders. And, payment is real-time and securely authenticated.

"The continued increase of online debit-ready consumers along with the comfort levels of consumers in making online purchases has created a new market for online businesses. And, we strive to offer our merchants the most integrated and comprehensive payment services possible by providing credit and debit payments in Asia, together with integrated multi-lingual account and consolidated transaction reporting, and single settlement even if the merchant has multiple debit payment options in different countries via our PayDollar platform," adds Joseph Chan.