28 July 2015
28th July 2015- ONEPIP has signed a partnership agreement with Easylink Payment Co. Ltd., a China-based payments company, established in 2005.
Through its partnership with China Union Pay, Easylink Payment operates an online platform, PayEco, which offers efficient settlement services for cross-border RMB payments. In 2011, they were granted the Payment Permit issued by the People’s Bank of China, which licenses them to offer mobile payment and prepaid card services.
This agreement will enable businesses and individuals to use ONEPIP to execute Chinese Reminbi (RMB) payments into and out of Mainland China. It will allow users to make fast and reliable RMB fund transfers, in a timely and efficient manner. With China being one of the world’s largest and fastest growing markets, many businesses require a speedy and efficient cross border payment system. With Easylink Payment’s deep insight and keen knowledge of the Chinese market, coupled with ONEPIP’s presence in Asia, it will offer both parties unique opportunities to strengthen their value proposition.
“This strategic partnership is not only a win-win situation for both parties, but it also gives us an opportunity to collaborate and expand our operations into the Greater China region. As the RMB is a highly regulated currency, it was evident that we needed to find a partner who had an existing extensive network and customer base, and was familiar with the China market. With the rapid globalization of the RMB, this opens many doors for us, and will pave the way for the development of more RMB related products and services. We believe that as China continues to liberalize the use of offshore RMB, it will encourage businesses to expand their operations into the Mainland”, says Lee En Hui, Executive Director of ONEPIP Group.
“I am delighted that our partnership with ONEPIP will allow us to facilitate the growing demand for RMB trade and financial services overseas”, says Jiang Zehong, Marketing Director of Easylink Payment Co. Ltd. “By integrating our respective strengths in both China and Hong Kong, I am positive that embarking on joint activities with ONEPIP will contribute to the growth of both financial markets. It is integral that we continue to provide greater value, and the best service offering to our mutual clients.”