Joint Press Release
(MARCH 23rd, 2016 – COPENHAGEN, DENMARK; HONG KONG) Leading blockchain currency payment service provider, Coinify ApS and Hong Kong-based payment service provider, iPayDNA International Ltd. are proud to announce a new partnership that will bring advanced blockchain payments to a vast amount of merchants residing in the Asia Pacific region.
Partnering with iPayDNA is another step of Coinify’s recently announced push into the Asian market. The new PSP agreement allows Coinify to extend their blockchain merchant processing solution distribution channel throughout the Asia Pacific region where iPayDNA holds a dominant position.
Morten Bebe, Sales Manager at Coinify, said: “We are thrilled about teaming up with iPayDNA. Being a company native to the Asia Pacific region, they have the best understanding of local merchants needs and at the same time being a company with an international mindset, they perfectly match the qualities we look for in our business partners.”
Asia-Pacific is home to more than 60% of the world population, accounts for nearly ¾ of global payment transactions and has the highest share of e-commerce in GDP. “The increasing popularity of alternative payments is reinforced by the strong shift from cash to electronic payments and the increasing number of customers searching for their preferred payment method in a secure environment. Besides these strong indicators of the potential that blockchain payments have in the area, we are pleased about opportunities contributing to the infrastructure and supporting the digital currency adoption process,” Morten Bebe concludes.
Guan Seow, Managing Director of iPayDNA, said upon the new partnership: “Our value proposition is to serve as a one stop center for online merchants by offering them the most card and non-card payment options. By adding a broad selection of the most popular blockchain currencies via Coinify, our merchants can further benefit from this variety. All iPayDNA’s customers, who are open to embrace blockchain currencies as their new alternative payment methods, can do so now, safely and with ease.”
The new partnership enables iPayDNA’s merchants to accept 17 blockchain currencies including bitcoin from any country in a secure environment and receive payouts in local currency to their bank accounts within a few days.
About iPayDNA International Ltd.
iPayDNA International is a privately owned corporation formed in 2004. iPayDNA is a PCIDSS level 1 Compliant IPSP linked to numerous banks around the world to provide credit and debit card like Visa, Master, JCB & China Union Pay (CUP) and non-card payment processing services to Internet merchants for various industry like General Ecommerce, Classified Advertisement, Gaming, Forex, File Sharing, Nutra, Travel etc from around the world. iPayDNA also provide Virtual Wallet & Prepaid card program with or without co-branded debit card used for a broad spectrum of vertical payments including Gift Cards, Telco Cards, Transit Cards, Payroll Cards, Health Savings, Electronic Benefits, Social Welfare Payments & much more. The management team has vast banking and e-commerce industrial experience while its shareholders are ex-bankers from Citibank, HSBC and VISA International. The company has offices and representative offices in Hong Kong, Malaysia, Philippines, Mauritius, UK and Gibraltar. Read more about iPayDNA at their website.
Coinify contributes to the infrastructure and fuels digital currency adoption in Asia – read about the already established partnerships with Digix (1 and 2), Bitcoin Vietnam, Hello Markets and Payssion.
Image credits: Coinify and iPayDNA.