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December 05, 2012

Payvision Partners with Wing Lung Bank, Expanding its Reach in China

By Rory Lidstone, TMCnet Contributing Writer

Payvision recently partnered with yet another well-established Chinese bank in Hong Kong: Wing Lung Bank (WLB), a wholly-owned subsidiary of China Commercial Bank. WLB has developed a solid reputation with 51 banking business outlets in Hong Kong, as well as Mainland China and Macau, since it was founded in 1933.

"Wing Lung Bank has long been serving eCommerce merchants like universities and airline companies. With the increasing importance of eCommerce business in today's market, we are pleased to partner with Payvision, an international payment solution specialist, to expand our eCommerce business to other merchant categories and to provide better services to our existing merchants," Peter Ke, head of Wing Lung Bank Credit Card Centre, said in a statement.

Payvision is an independent payment solutions provider that specializes in global card processing for the e-commerce market which offers a secure, PCI (News - Alert)-DSS compliant, PSD licensed, international payment processing platform to acquiring banks, PSPs, ISOs and their merchants. The company provides 24/7 support, 150+ transaction currencies and regional card settlement currencies, as well as a high-end reporting interface and an integrated risk management solution.

"As an international payment solutions provider, we connect Wing Lung Bank to our Global Acquiring Network of financial institutions," said Rudolf Booker, CEO at Payvision. "Our secure payment platform opens new business opportunities by servicing domestic and cross-border transactions and settlement in multiple currencies. Through our partnership with WLB, Payvision further expands its presence in China."

In September, the company formed a strategic partnership with Be2bill, France's first Cartes Bancaires licensed acquiring payment institution. The partnership provides French e-Merchants with card payment solutions to expand e-commerce cross-border with Payvision's global acquiring network, while Payvision can offer international PSPs exposure to the French market through Be2bill.

In August, Payvision partnered with Virtual Piggy, a California-based company that provides parents with payment services to manage their kids' online spending.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO (News - Alert). Follow us on Twitter.




Edited by Braden Becker
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