PR87104

HONG KONG, Dec. 8, 2020 /PRNewswire=KYODO JBN/ --

Asianwallets, a cross-border payment brand under Oriental Payment Group (OPG)

(HK.8613), is committed to building an Asia-wide "cross-border mobile payment

sharing network". By joining the network, e-wallet companies can easily expand

their business to more Asian countries, while acquirers can connect with local

payment methods in multiple countries with one click, supporting merchants to

use payment methods favored by customers.

Which countries and regions does Asianwallets support?

Asianwallets gained access to Singapore's SG QR and Thailand's Thai QR in 2019,

and connected with Indonesia's QRIS system in 2020. It can provide its partners

with bank and e-wallet payment channels in the three countries. Based on the

overall establishment of OPG in the Asian market, Asianwallets can also

directly deploy e-wallet payment to more than 10,000 offline cooperative brand

stores in Hong Kong, Singapore, Thailand and Japan.

Asianwallets' Vision for the future

OPG Vice President Lesile Tham said: "Various Asian countries are planning to

launch, or have already launched unified QR code standards. Mobile payment is

developing at an amazing speed! Despite the rapid development, payment products

are gravely homogeneous and severely deficient in competitiveness. Once the

market is saturated, a brutal price war will follow! How to maintain the

leading edge will be a challenge that all payment institutions must face."

Asianwallets is actively contacting e-wallet institutions in Japan, South

Korea, India and other countries, hoping to build a "cross-border mobile

payment network covering all of Asia" with partners based on its own market and

technology. By sharing payment channels, merchant resources and system

technologies, the network aims to solve the institutions' development problems,

enhance brand influence in local markets, and promote the development of mobile

payment services in Asia.

SOURCE: Asianwallets