Hong Kong-based AsiaPay is teaming up with ChinaPay, the online payment subsidiary of China UnionPay to enable AsiaPay’s merchants in Asia to readily collect online real-time payment from Chinese consumers.

This cooperation enables online consumers in China to enjoy the convenient online purchase of goods and services of merchants in Asia in their own currency using their CUP cards or accounts in China.

Upon AsiaPay’s merchant selects ChinaPay online service, merchants can readily enjoy real-time payment authorisation service of the CUP card, as well as the local payment settlement and various integrated reporting as well as fraud monitoring facilities. And. the service supports 4 processing settlement currencies, i.e. HKD, USD, EURO and JPY.

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