Onpex, The Online Payment Exchange, has announced the opening of an office in Hong Kong.
With East Asia being an undoubted centre of payments innovation and China setting new standards for online commerce, ONPEX is seeking to consolidate its bonds with the fruitful Asian markets by strengthening its presence in the region with a new office in Hong Kong.
ONPEX will look to strengthen their global offering by using their Hong Kong base to obtain local bank accounts for collection and settlements in Asia and forge local acquiring relationships with Hong Kong and China. And, with an eye to local laws and regulations, the Hong Kong base will provide a footprint for financial services and regulatory governance.
The new base will also provide local banks, acquirers and PSPs the opportunity to access ONPEX’s solutions, giving them the opportunity to accept payments from markets across the globe in multiple currencies and multiple payment methods.
Christoph Tutsch, ONPEX CEO, explained why the East Asian region was so critical for ONPEX: “China has around 600m online consumers with a market value of €14.5bn. This is a market that is ready to trade with the world. East Asian merchants want to sell to the world and the world wants to buy from that market.
“By having a visible footprint in this market, we can expand our existing knowledge and expand our reach. Our fully comprehensive platform offers accepts multiple payment methods and multiple currencies and ensures compliance with local laws. We are very excited about helping to open up this market to even more opportunities.”
Eddie Wong, ONPEX Head of Business Development said: “Having a team of locally experienced payment experts will not only be more effective and instrumental in expanding our local presence but also better understand both the local requirements and cultural sensitivities of each markets“