PUBLICATION




01 June 2014

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ONEPIP (Hong Kong) Limited today announced a strategic partnership with Tradesparq.com, to expand its network and increase the reach of ONEPIP’s global payment services.

Headquartered in Shanghai, Tradesparq enables global B2B buyers to search a directory of suppliers, and match those results against their own social networks. This provides users with a more reliable and efficient way of identifying potential trade partners. Operating since 2011, Tradesparq has more than 200,000 suppliers and 2.3 million products online.

Through Tradesparq’s massive user base of international buyers and suppliers, ONEPIP will service the foreign exchange payment requirements of small/medium-sized enterprises and large corporates based in Hong Kong and in the Greater China region. When making foreign exchange payments, they will be able to enjoy the convenience of making money transfers online, just like business internet banking, while enjoying competitive wholesale foreign exchange rates in a wide range of currency pairs.

This collaboration will open new markets for ONEPIP through Tradesparq’s extended network in Asia, while Tradesparq will enrich its offering by adding a global payment service to its current user base. This strategic relationship with Tradesparq represents a powerful opportunity for ONEPIP to significantly expand its presence in Hong Kong, and potentially in the Greater China Region, a vibrant and very important market, and extend it to other parts of the world over time.

“In order to achieve a successful penetration of our service in Asia, we looked for a strong regional partner that already had a substantial user base we could tap into”, stated Lee En Hui, Executive Director and CEO of ONEPIP Group. “We are delighted to be working with Tradesparq which has tremendous expertise in offering services to their clients, and we are convinced that together we can add significant value for our mutual customers”.

Brian Hager, President and Founder of Tradesparq added that, “Working closely with ONEPIP will certainly provide an added value service to our customers, and enable us to enrich the trading experience we offer to clients. This could also enable us access to fresh markets, and identify new business opportunities.”