union pay payment service
DESCRIPTION
Payment Asia is a leading largest e-payment technology and e-business management company offering dependable and secure payment processing network for domestic and international concern.TRANSCRIPT
Direct DebitReal-time payment confirmation fromReal-time payment confirmation from
China bank accountsNo payment repudiation
HOW IT WORKS FOR YOUR ADVANTAGE
NO WORRIES ABOUT CHARGEBACK
Immediate confirmation of funds
It’s like using the EPS Card online!
UnionPay Card and PIN replaced by Internet Banking ID &
Password.
UnionPay Online Payment Service
Password.
No exposure to fraudulent transactions as each one is verified
and authenticated by the user’s bank.
But as a merchant, you are still liable for “merchant’s
performance risk”.
Exposure to more than more than millions UnionPay Users locally.
Collect payment from consumers who don’t have credit cards
Typically between 18 – 40.
Internet savvy.
Also for the conservative who don’t believe in giving their
Credit Card information over the Internet
Payment AsiaUnionPay Direct
Debit lets you GrowDebit lets you Growyour business into
China
INTERNETBANKING IN
CHINA
By end 2005,there will be anestimated over
DEBIT REAL-TIME FROM MAJOR BANKS INCHINA, and more to come with our on-goingdevelopment!
estimated over103 millioninternet users.
About 17mhave internetbankingaccounts.(Financial Insights, March2004)
LOW CREDIT CARDPENETRATION IN CHINA
Due to low income debit
cards outnumber credit
cards.cards.
Popularity use of debitcards in China compareswith credit card.
For use ONLY within
China.Can’t use credit card?
Collect by direct debit from majorbanks in China
HOW IT WORKS FOR YOUR ADVANTAGE
No need for you to quote your sales items in RMB.
At the point of payment, the gateway will convert the HKD sales item into RMB.
The UnionPay card holder can pay to you by debiting instantly from their bankaccounts.
We will settle you the transaction in HKD.
1. Transaction from your1. Transaction from yourwebsite in HKD (which willconvert to RMB for payment).
4. Once Chinese consumer validated,his account is debited instantly, andthe system will be notified.
3. The consumer selects his bank from Chinaand enters his Internet Banking ID and Passwordto authenticate himself.
2. We will converts the amountto the equivalent RMB for theconsumer to pay you.
5. Confirmation on paymentstatus.
Payment Asia UnionPay Transaction FlowSimple, Easy to UseSimple, Easy to Use
At your checkout page, users canselect to pay by Online Payment.
1
Select China UnionPay payment option.Merchant logo will also be display on thispayment page (see example here withVela Consulting as the merchant)
2
Direct Debit from Bank Accounts
3
Direct Debit from Bank Accounts
At the payment page, your customerswill select the option to pay from aChina Bank.
Based on the selection, the system willconvert the transacted amount intoRMB.
Subsequently, the customer can selectwhich China Bank he wants to debitfrom.
Linking the consumer to their own bank system for payment!4
Finish!4
Your customers will receive anotification on the payment.
At the same time, the system willAt the same time, the system willalso send a transaction status emailto you as well as your server (byintegration)
• We would like to take this update to announces our Partnership Agreementwith Alipay of the Alibaba Group (Stock code: 1688) on bridging OverseasMerchants and China Consumer Market.
New features in 2008 -Payment Asia now Accepting Alipay !
Payment Asia is proud to have tied up with China's largest P2P ePayment company.Under this collaboration, Payment Asia is expected to offer B2C payment consultationadvice and solutions to Overseas and China merchants of different sizes from SMEto international corporations and the flexibility of e-payment options to C2C onlinebuyers.
Quick, efficient and reliable are the three main mottos behind Payment Asia’sstrategies to penetrate into this competitive eCommerce industry in China. Ourexisting China Debit Card package will combines with the acceptance of Alipay forany new sign-up Merchants!
New features in 2008 -Payment Asia now Accepting Alipay !
~THANK YOU~
Contact Details:
Kenneth LaiKenneth Lai
Sales Manager
Payment Asia (International) Ltd
Deliver your eCommerce Advantage Since 1999
DID: +852 3105 8033
eMail: [email protected]