A leading Asian provider of electronic payment services, solutions and technologies AsiaPay Ltd established a cooperation agreement with ChinaPay to allow its merchants in Asia to accept online real time payments from Chinese customers. Chinese shoppers in turn will be able to make purchases at merchants across Asia in their own currency by using their payment accounts in China.

With the integrated ChinaPay online service merchants of AsiaPay are provided with the real time payment authorization of the CUP card, as well as the local payment settlement and various integrated reporting as well as fraud monitoring facilities. Besides, ChinaPay supports payment settlement in four different currencies including HKD, USD, euro and JPY.

Mr. Joseph Chan, Chief Executive Officer of AsiaPay, said: "We applaud the launch of this new payment service as our core business and product strategic move to enhance valueadd to the business successes of AsiaPay's merchants in Asia and China. And, ChinaPay online consumers can enjoy using of his/her CUP card or account for online shopping convenience in Asia."

Mr.Xiaofeng Li, General Manager of ChinaPay, said: "We are pleased to partner with AsiaPay, through work with a such professional overseas payment service provider like AsiaPay will facilitate the South-Asia merchant to have a better understanding of China UnionPay card, and also offer the convenience for CUP cardholder to purchase good and service from South-Asia, this is an important move for ChinaPay to join the international payment market."