Dubai, United Arab Emirates-Wednesday 14 August 2019 [ AETOS Wire ]
The
Middle East’s region is fast establishing itself as an emerging
cross-border ecommerce market due to its ballooning smartphone
penetration and growing consumer purchasing power.
iPayLinks,
China’s leading provider of cross-border payment services, much-awaited
entry into the regional fintech space has been termed as a game-changer.
iPayLinks, which already has a licensed branch in Dubai, as well as a
SAGIA licensed subsidiary in Riyadh, is aiming to build up the one-stop
payment solution for the Middle East cross-border businesses.
This has
further made the region an attractive ecommerce destination with big and
medium-size player jostling for a piece of the action. MENA’s online
sales has continued to register impressive growth over the years with
the region’s trade volume expected to reach US$26 billion by 2020.
The GCC
countries aim to boost trade and investment ties with the world’s second
largest economy – China. This follows 35-year strong diplomatic
relations between GCC countries and China. With recent actions, it is
believed over 2000+ enterprises would benefit from bilateral
relationship, as China’s internet giant Tencent and Didi are set to
expand their horizons in the region.
Headquartered
in the CBD of Shanghai, iPayLinks is set to bridge China’s and the
Middle East’s e-payment industry ultimately contributing to the region’s
e-commerce growth and convenient payment facilities.
"Business-to-Consumer
is a rapidly growing trend for e-payments among consumers in the GCC
region. We also envisage that Business-to-Business will follow suit as
more companies warm up to the idea of moving most of their payments
options online. The GCC and UAE, in particular, are leading on this from
as more local businesses embrace cross-border business. iPayLinks is,
therefore, strategically placed to offer seamless services that will
enhance cross-border ecommerce. iPayLinks will provide real-time
solutions that meet the regional e-commerce business’s demands by
cooperating with regional acquirers and financial institutions," said
Ben Wang, regional director, iPayLinks.
Following
emerging fintech trends, gaps, challenges and a booming e-commerce
cross-border business in the region, iPayLinks also aims to build a
cross-border e-Wallet for Enterprises and Marketplace merchants.
This,
according to iPayLinks, will help streamline the process of pay in and
out by vendors in the region which will, in turn, boost revenues and
avoid extra charges.
Invested by
Tencent Group, Vision Capital, Legend Capital and several SEA funds,
iPayLinks have great financial network in Asia, EU & United States.
Over 2000+ e-commerce merchants around the world from different
verticals like e-retailing, OTAs and Virtual Contents, are enjoying the
services of a One-stop Payment Solution provided by iPayLinks.
About iPayLinks
Headquartered
in Shanghai, iPayLinks is a leading FinTech company in China delivering
one stop cross-border payment solutions including payment gateway,
funding, foreign exchange, global remittance and settlement, established
branches in China, the United States, Europe, Southeast Asia, Middle
East, Russia, India, Japan, South Korea and continue to expand. As a
pioneer in payment technology, iPayLinks has raised multiple rounds of
investments from prominent investors in Fintech industry like Tecent,
Legend Capital, Vision+ Capital, Phoenix Fortune, Kairous Capital and
has been featured as Top 50 Fintech companies by KPMG and Deloitte, Top
Unlisted companies by Forbes.
Contacts
Matrix PR
Melwyn Abraham, +97143430888
melwyn@matrixdubai.com
No comments:
Post a Comment