The Silicon Review
“What truly sets us apart from the competition is our ability to provide custom solution development tailored to our client’s specific requirements: Joseph Chan, CEO & Founder AsiaPay”
Every business today aims to establish itself in the digital space. Though digitalization has made everything accessible and connected, security is often breached due to financial transactions that now takes place on the online platform. Amidst making the most of the technological development, it’s necessary that transaction data is kept safe and secure. Working in this niche segment is AsiaPay.
The firm is a top-rated provider of electronic payment solutions and services, as well as a leading merchant aggregator in Asia. Its high-quality solutions are used by merchants, payment service providers, and banks. AsiaPay has partnerships with international payment companies, debit card issuers, and card associations in Asia. It enables merchants to accept payments via popular cards such as MasterCard, Visa, and others as well as other types of payments such as PayPal, PPS, China’s UnionPay and more.
AsiaPay’s stated goal is to become the best provider of electronic payment services in Asia. The company plans to achieve this goal by fighting fraud, using the latest technologies, being easily accessible to clients and merchants, and through excellent customer service. Merchants of any size can avail their secure card processing solutions.
AsiaPay has achieved many accolades. Its variety of award-winning payment solutions includes multi-currency, multi-lingual, multi-card, and multi-channel together with its advanced fraud detection and management solutions.
Hong Kong-based AsiaPay offers its professional e-payment solution consultancy and quality local service support across 14 offices in Asia including Australia, Thailand, Philippines, Singapore, Malaysia, Mainland China, Taiwan, Vietnam, Indonesia, and India.
Stars of China Award 2017
Innovation in Payments – AsiaPay The global payments industry is experiencing super-fast growth, as countries move to becoming ‘cashless’ societies. Consumers expect payment to be quick and painless, while retailers can use payment data to gain insight into the shopping behavior of their customers and integrate payments with loyalty programs. AsiaPay offers an Online Bonus Point Redemption and eInstalment Service that allows the redemption of bonus points from a credit card issued by a partnered bank as well as MemberPay, a tokenized payment service. The company has succeeded in offering a scalable and secure payment system and is one of the few epayment providers in Asia to have Payment Card Industry Data Security Standard Level 1 certification and a high uptime commitment of 99.9 percent.
The Stars of China 2017 awards aim to recognize the excellence of domestic entities that are breaking new ground in the banking environment worldwide, innovating new services, new business models, and new technologies.
Testimonials – A Few of AsiaPay’s Trusted Customers
“We greatly value AsiaPay’s experience and expertise in helping develop a secure, cost-effective and convenient payment gateway for our customers. AsiaPay is one of our most valued partners - its professionalism and support is wholly appreciated.”
“We find the gateway being highly secure, reliable and function-rich. The functionalities and performance have been well received and satisfied by our staff operating the gateway with the ease of operations and differentiated features.”
Interview Excerpt: Joseph Chan, CEO & Founder
I have always kept in mind my original passion for using technology to enhance financial products for consumers. And when I decided to give up my stable banking job and start up my own business in 2000, the concept of e-payments was quite new and without any proven business model. It was really a challenging decision to found the e-payment business.
SARS outbreak were severely affecting the commercial activities in Hong Kong, while at that time my company was still largely unknown and lacked enough funding support. Hence, business in the first three years was not as good as expected. Nevertheless, the company grew from a one-man band to a dedicated team.
Ahead of the Curve
To stay competitive in a highly volatile and fast-growing market, it is imperative to constantly research market needs and improve product offerings, especially our voice mobile payment solution, multi-currency processing and m-Pos plus.
What truly sets us apart from the competition is our ability to provide custom solution development tailored to our client’s specific requirements. Our data-driven approach allows us to analyze your business needs thoroughly and empower our experienced IT team to craft a solution that best meets your project’s challenges. Whether it’s an in-app payment system, a digital rewards platform or even an online registration system, we have got it covered.
In Full Swing
AsiaPay covers 14 countries with a total workforce of more than 120. We are being well accepted in the market as one of the leading payment gateway service and technology provider, widely adopted by almost 10,000 advanced e-Businesses and close to over 100 banks/financial institutes.
Our most urgent target currently is to increase the pace of expansion to cover not only Asia but also other global markets.
We will continue to innovate and expand our presence in countries and in the dynamic ecosystem. AsiaPay will continue to offer new solutions for banks, corporate and e- businesses. By empowering these businesses through our solutions, e.g. devices, channels, multiple payment offerings, we are changing the way how people will pay for their purchases and eventually their....dreams. Dreams is what drives our world today and tomorrow. Dreams make a difference. AsiaPay makes a difference.
The Brain behind the Picture
Joseph Chan, CEO & Founder: Joseph Chan founded the company in August 2000. He spearheaded the company and product development together with his management team, to become one of the most successful electronic payment service and technology company in Asia, with operations covering 14 countries.
Through successive positions in banking and finance industries, Mr. Chan has consolidated his expertise and experience in strategic planning, management and implementation of financial, electronic banking, Internet, and mobile product services and systems in Asia.
He was honorably awarded the ‘China Outstanding Innovative Entrepreneur Award’, ‘Asia Pacific Entrepreneurship Awards 2013’, ‘EY Entrepreneur of the Year 2014’, ‘Cards & Electronic Payments International (CEPI) Asia Disruptor 2016’, and ‘2017 (Industry) Influential Leader’ awards.