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GlobalOnePay Enables Merchants to Tap Into Growing Chinese eCommerce and Mobile Payment Markets

PLANO, Texas, Feb. 2, 2016 (GLOBE NEWSWIRE) -- GlobalOnePay, a leading provider of omni-channel payment processing technologies and merchant services, announced today that its payment processing platform is now accepting UnionPay transactions in-store, in-app and online worldwide.

GlobalOnePay will provide a full-service implementation of UnionPay, including direct integration, rapid boarding, streamlined risk and underwriting, full online reporting and dedicated support. As a result, GlobalOnePay merchants will be able to accept payments from the world's largest online retail market and the fastest growing payment scheme globally.

UnionPay is a fast-growing bankcard association. In partnership with more than 400 institutions worldwide, UnionPay International has enabled card acceptance in over 150 countries with issuance in more than 40 countries. According to the company, the cumulative number of UnionPay cards issued globally has exceeded 5 billion and its online and mobile payment users have surpassed 200 million (1). The Nilsen report forecasts that UnionPay's global circulation of payment cards will grow 51% between 2012 and 2017, compared to 28% and 36% for Visa and MasterCard respectively (2).

"We are proud to welcome GlobalOnePay to our network," said Miriam Park, General Manager of UnionPay International America. "As the payment network serving the world's largest cardholder base, UnionPay is dedicated to providing convenient and safe payment experiences for our cardholders. Our partnership with GlobalOnePay will further improve our global service system, enabling more UnionPay cardholders across North America and beyond to enjoy the service and privileges we offer."

"GlobalOnePay is all about expanding growth opportunities for our merchants, domestically and internationally," said Philip Fayer, president and chief executive officer of GlobalOnePay. "This agreement with UnionPay International is a prime example of how merchants can leverage the GlobalOnePay payment processing platform to grow by accessing new markets and more potential customers."

One company that has selected GlobalOnePay because of its ability to process UnionPay online transactions is Ashford (www.ashford.com), a luxury retailer of watches and jewelry and an Internet Retailer "Top 500" member.

GlobalOnePay provides a highly scalable, cloud-based platform that enables online businesses of all sizes to grow faster by processing a wider range of online, in-store and mobile payments (including mPOS and in-app) from virtually any market in the world. Easy-to-implement and integrate, GlobalOnePay merchants can access an industry-leading set of modular technologies to increase sales revenues, efficiencies and security. Customers can also draw upon additional services including merchant processing, next day funding, as well as gift card/loyalty programs.

The GlobalOnePay platform accepts an ever-changing range of payment options, including card not present, EMV, magnetic stripe and contactless payment. One of the few payment gateways with truly international reach, GlobalOnePay enables businesses to access 130+ global payment processors and sell and price in 80 currencies, making it easy for merchants to accept all major credit cards, bill and receive funds in their primary currency, and accept local and alternative payments, as well as to test and enter new markets without significant upfront capital costs.

About UnionPay International

UnionPay International (UPI) is a subsidiary of China UnionPay focused on the growth and support of UnionPay's global business. In partnership with more than 400 institutions worldwide, UnionPay International has enabled card acceptance in over 150 countries and regions outside the Chinese mainland with issuance in more than 40 countries and regions. UnionPay International provides high quality, cost effective and secure cross-border payment services to the world's largest cardholder base and ensures convenient local services to a growing number of global UnionPay cardholders and merchants. For more information about UnionPay International, please visit www.unionpayintl.com, like "UnionPay International" on Facebook, follow "@unionpay_intl" on Twitter, or download its official mobile application by searching "UnionPay International" in Apple's App Store or Google's Play Store.

About GlobalOnePay

GlobalOnePay is a leading provider of global omni-channel payment processing technologies and merchant services. The company's modular, scalable, cloud-based platform enables businesses of all sizes to grow faster by accepting a wider range of payments from virtually any market in the world. GlobalOnePay also provides a comprehensive range of merchant services to help businesses increase sales and efficiencies for online, in-store, and mobile purchases. For more information, visit www.GlobalOnePay.com.

1. http://www.prnewswire.com/news-releases/china-unionpay-chairman-global-unionpay-card-issuance-exceeds-5-billion-300097667.html
2. http://knowledge.ckgsb.edu.cn/2015/03/31/finance-and-investment/wholl-win-visa-and-mastercard-versus-unionpay/

Media Contact:
Michael E. Donner
Competitive Marketing Advantage
+1 (949) 415 8004
mdonner@CompetitiveMarketingAdvantage.com

Photos accompanying this release are available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=38737
http://www.globenewswire.com/newsroom/prs/?pkgid=38738

CONTACT: Media Contact: Michael E. Donner Competitive Marketing Advantage +1 (949) 415 8004 mdonner@CompetitiveMarketingAdvantage.com





Source: GlobalOnePay