27 October 2016
Visit dh.com

AsiaPay and PayEco prep voice mobile payment service

30 January 2013  |  1749 views  |  0 Source: AsiaPay

AsiaPay, the leading ePayment service and solution provider in Asia-Pacific, and PayEco, China's innovative cloud mobile payment service pioneer jointly launched "PayDollar UnionPay DNA Mobile Payment" service.

The strategic partnership further addresses the needs of Hong Kong and merchants in Asia to collect Card-Not-Present payments for online, MOTO, mobile & reservation centers from UnionPay Cardholders in China. The solution also supports pre-authorization and is able to provide payer information for verification.

"PayDollar UnionPay DNA Mobile Payment" solution service, is a secure mobile payment product for China UnionPay Card-Not-Present environment. It adopts the advanced dual channels technology between card number and authentication information, minimizing risks, supports Card-Not-Present payment for MOTO, reservation centers, WAP, mobile client-end and smart TV. Upon purchase order confirmation with merchant the cardholder will receive a voice call from the payment platform with related transaction information, he/she will then be asked to confirm and complete the payment in a simple, secure and convenient manner.

The service also provides a unique pre-authorization feature to allow merchants to accept UnionPay pre-booking. Besides, this service can provide the merchants the payer information for reconciliation. These features can better benefit industries like insurance, travel, airline, hotel, and etc.

Kenneth Cheng, SVP International Business of PayEco said, "Merchants today need comprehensive payment solution to maintain competitiveness and strengthen market competitive edge. 'PayDollar UnionPay DNA Mobile Payment' solution service focuses on providing high quality, convenient, reliable cross border payment service to merchants and their clients in China using mobile devices, greatly enhance sales and services potential."

"We are honored to cooperate with PayEco to broaden our product offerings to our merchant clients throughout Asia to better serve their customers in China, and share collaborative synergy in and outside China markets. This is also part of our business roadmap to deploy secure, convenient mobile payment solutions to better serve the market. We believe our close cooperation will continuously bring new value-added electronic payment solutions and services from China to Hong Kong and regional merchants.", said Joseph Chan, CEO of AsiaPay 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Find out moreFind out moreVisit VocaLink.com

Who is commenting?

A Finextra member Finextra Member Commented on: 5 innovations to make...
A Finextra member Finextra Member Commented on: Goodbye, Santander! Th...
A Finextra member Finextra Member Commented on: Why are we more intere...

Top topics

Most viewed Most shared
Visa treads on Swift's toes with blockchain pilot for high value paymentsVisa treads on Swift's toes with blockchai...
9309 views comments | 34 tweets | 40 linkedin
Monzo raises £4.8mMonzo raises £4.8m
8996 views comments
CBA and Wells Fargo combine blockchain and IoT to revolutionise trade financeCBA and Wells Fargo combine blockchain and...
8737 views comments | 26 tweets | 30 linkedin
Visa tells Europe to be ready for 3-D Secure 2.0 by April 2018Visa tells Europe to be ready for 3-D Secu...
8300 views comments | 12 tweets | 27 linkedin
hands typing furiouslyThe day I realized Fintech was becoming ju...
8272 views 2 | 23 tweets | 8 linkedin

Featured job

Find your next job