PR86955

SINGAPORE, Dec. 1, 2020 /PRNewswire=KYODO JBN/ --

EVONET Global ("the Company") is excited to announce that it has successfully

raised USD 30 million in series A round funding from TIS Inc. (www.tis.co.jp)

through CardInfoLink. The proceeds will be used to set up an innovative

platform and business for financial services to support interoperability among

mobile wallet operators, QR code acquirers and financial service providers.

Once established, the platform will enable cross-border retail payment

transactions and digitized financial services such as remittance, insurance and

other services on mobile wallets globally. Users of mobile wallets can safely

and conveniently access the services anytime, anywhere.

This new round of investment will also enable EVONET Global to capitalize on

its position as a new technology leader in the mobile payment and financial

services industry in East Asia to further expand its global footprints. As the

mobile payment and financial services in the region are growing exponentially,

the platform can help to grow the business to greater height through

interoperability and shared financial services.

"The platform can create a new revenue stream and increase competitive

advantage for mobile wallet operators by enabling interoperability retail

payment and allowing mobile wallet users to access Northeastern Asia digitized

financial services. The transaction volume is expected to grow rapidly in near

future thanks to strong mobile lifestyle adoption," said James Zhao, CEO of

EVONET Global.

About EVONET Global Pte. Ltd.

EVONET Global Pte. Ltd. is a fully owned subsidiary for CardInfoLink. It is an

innovative financial services platform which helps to create a new revenue

stream and increase the competitive advantage to connected mobile wallet

partners by offering digitized financial services and cross-border retail

payment service to their users.

About TIS Inc.

TIS Inc., a member of the TIS INTEC Group provides several IT solution services

including entrusted development, data center and cloud services. At the same

time, TIS is contributing to the growth of its customers business, a client

base of more than 3,000 customers from various industries, such as financial

services, manufacturing, logistics/distribution, public services and

telecommunications, by being their technology partner and offering global

support to companies with a presence mainly in China and the ASEAN region.

About CardinfoLink

CardInfoLink was established in. 2010. It provides innovative payment

technological solutions to more than 100 banks and non-banks for processing

payment transactions in China, Japan, Korea and South East Asia. The

international payment brands supported are Visa, MasterCard, UnionPay, Amex,

JCB, Discover, Diners Club, MPU, Truemoney, GrabPay, WeChat Pay and AliPay . In

addition, it also provides loyalty programs, escrow payment, mini-program and

other innovative services. It has established offices in Shanghai, Wuxi, Hong Kong,

Tokyo, Bangkok and Singapore to serve the increasing number of customers.

Contact:

Foo Kok Hee

Regional Business Development Head

kokhee.foo@evonetglobal.com

Source: EVONET Global