NetX Strengthens Presence In Southeast Asia InPartnership With Guangzhou-Based E-DO

NetX Holding Berhad (NetX) has announced that they will now partner with China's E-DO BusinessTechnology Corporation (E-DO) for their e-commerce online payment, e-wallet, and loyalty programmesolution services in Cambodia, Malaysia and Thailand.

E-DO was first established in Guangzhou China, and they specialize in provisioning of paymentclearance services for AliPay, WePay and Union Pay. They are China's largest regional partner insupplying payment network technology.

Steve Tan, Executive Director of NetX Holdings Berhadexplained, that their aim is to establish their presence in the

South East Asia region

.“You will see that the big picture is to cement our presence in the South East Asia region, beginning inCambodia, Thailand and of course Malaysia. We are optimistic as E-DO signifies an integral part of thepuzzle of NetX’s strategy to move forward as the country’s leading MPex (Mobile Payment exchangesystem),” said Tan.

He also added that China is leading the ASEAN region when it comes to e-commerce and electronicpayment so the company's entry into China is integral to secure a foothold in the region.

“China is the leading ASEAN region in e-commerce and electronic payment solutions. The era of e-commerce the likes of what is offered in China is at its infancy in ASEAN. In a recent report by Credit

Suisse, the mainland China has a growing middle class of 109million who were defined as adults with wealth of at least USD28,000. This has brought about a wave of tourism andinvestments into SEA at an unprecedented level. By creating anintegrated payment exchange that allows for ease of electronicpayment agnostic of payment gateway, this will enablemerchants to capitalize on this growth,” Tan said.

NetX also sees their newest collaboration as the most logicalstep, after their MPex initiative which already includes paymentoptions via Visa and Mastercard.

-mD

 

Details Published on Tuesday, 09 May 2017 15:09

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