HONG KONG, Dec 12, 2024 – (ACN Newswire) – The Fee Playing cards Group Restricted (“PCG”), a cloud-native fee processor and acquirer, and Black Bear Service provider Providers Restricted (the holding firm of BBMSL Restricted “BBMSL”) are happy to announce the signing of a strategic alliance to ascertain a brand new model and group holding firm, ABBY Pay&Tech Holdings Restricted (“AbbyPay”). Underneath this new strategic alliance, AbbyPay will leverage PCG’s market main place as an acquirer with principal memberships in all main card schemes together with Visa, MasterCard, AMEX, UnionPay, and JCB. The mixed group will even leverage sturdy digital fee know-how capabilities from PCG’s A3A, Asia’s first cloud-based fee processing and settlement platform, in servicing BBMSL’s sturdy buyer base. This strategic alliance will speed up PCG’s enlargement in market share by overlaying 50,000 native retailers in Hong Kong and different Asia Pacific areas with a number of manufacturers to satisfy various market calls for and empower native retailers by way of revolutionary fee know-how.
Founding father of PCG, Mr. Gerald Yu, Chief Govt Officer of BBMSL, Ms. Ester
Chow, Chief Monetary Officer of BBMSL, and Ms. Beatrice Tai, Co-Founder
and Chief Working Officer of PCG, collectively officiated the signing ceremony.
Beatrice Tai, Co-Founder and Chief Working Officer of PCG, mentioned, “This strategic alliance marks an essential milestone for PCG within the subject of fee options within the Asia-Pacific area. With the technological benefits of our A3A platform, mixed with BBMSL’s stong market protection, AbbyPay will present revolutionary, seamless fee and settlement options for micro retailers, SMEs, and enterprises, quickly and effectively tapping into new markets throughout varied industries within the Asia-Pacific area. We stay up for AbbyPay increasing its enterprise footprint and additional consolidating the native fee trade, strengthening PCG’s main market place within the fee sector.”
Gerald Yu, Chief Govt Officer of BBMSL, mentioned, “This strategic alliance represents PCG’s excessive recognition of BBMSL’s years of effort and achievements within the Hong Kong market, reflecting our potential and confidence in working collectively. Since 2017, BBMSL has held a big market share within the native SME service provider market and has gained widespread recognition and assist in Hong Kong. These benefits will lay a strong basis for AbbyPay’s improvement. I stay up for working with AbbyPay to satisfy BBMSL’s mission, develop alongside SMEs, and hope this partnership creates even better achievements.”
Introducing Asia’s first cloud-based fee processing and settlement platform, A3A, within the Asia-Pacific Area to unleash the potential of digital funds
AbbyPay will provide Asia’s first cloud-based fee processing and settlement platform, A3A, throughout markets in Japan, Singapore, Malaysia, and Thailand. Via a single API, A3A presents direct end-to-end processing with main card schemes (akin to Visa, MasterCard, AMEX, JCB, and UnionPay), e-wallet networks, and cell fee platforms. Evaluating to conventional fee processing platforms, A3A boasts aggressive benefits akin to low integration charge, speedy and simple integration, instantaneous settlement, and real-time transaction knowledge insights.
Barry Mak, consultant of AbbyPay, mentioned, “We have now entered a brand new period of fee within the Asia Pacific market. AbbyPay is groundbreaking in Hong Kong’s fee trade and can disrupt your complete sector, bringing unprecedented alternatives. PCG has sturdy technological capabilities, whereas BBMSL has a strong buyer base and market recognition within the native market. I firmly imagine that AbbyPay has limitless potential in Hong Kong and the Asia-Pacific area, main future fee developments whereas serving and creating worth for every type of retailers, from giant chain eating places to SMEs and micro retailers.”
About Fee Playing cards Group (“PCG”)
Fee Playing cards Group (“PCG”) is an revolutionary and main fee know-how firm with operations in Singapore, Hong Kong and the Asia-Pacific area. Established in 2016, PCG has change into an acquirer with principal memberships in all main card schemes and e-wallet networks. Its subsidiary, Yedpay, has firmly established itself as a fee acceptance enterprise in Hong Kong. In the meantime, A3A, one other member of PCG, has developed a cloud-native fee processing platform that operates by way of RESTful APIs, considerably decreasing prices and streamlining advanced processes whereas offering customers with real-time transaction knowledge and insights. As an buying processor, PCG serves because the spine infrastructure of your complete fee trade by its Asia’s 1st cloud-based processing and settlement platform. Rooted in Hong Kong with a world vison, PCG seeks to empower retailers with cutting-edge fee know-how options and drive high-quality improvement within the international fee ecosystem. For extra data, please go to PCG’s web site: https://www.yedpay.com/en/
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Matter: Press launch abstract
Supply: Fee Playing cards Group Restricted(PCG)
Sectors: Playing cards & Funds, Each day Finance, Banking & Insurance coverage, FinTech
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