HONG KONG, Sept. 28, 2009 (GLOBE NEWSWIRE) -- Sino Payments (OTCBB:SNPY) added PAY.ON of Germany last week to its growing group of international and Asia Regional partnerships.
Typical clients of PAY.ON are leading payment service providers (PSP), payment scheme suppliers, acquirers, remittance providers and clearing houses as well as risk management providers. Sino Payments and PAY.ON additionally agreed to offer Sino Payments IP processing system services to PAY.ON existing clients.
Sino Payments, Inc. (OTCBB:SNPY) announced earlier in the year it has teamed up with Tap Group to provide IP credit/debit card processing services to customers in China, HK, and elsewhere in Asia. The joint client focus will be for large multinational retailers with existing locations in China, HK, and other Asia Pacific cities.
Tap Group customers include such household names as:
-AS Watsons Group (Hong Kong, China) -Sogo Department Stores (Hong Kong) -PCCW (Hong Kong) -CTM (Macau) -Robinsons Department Stores (Philippines)
Wincor Nixdorf (HK) and Sino Payments announced a partnership to offer Sino Payments IP processing service as an add on to Wincor Nixdorf's existing hardware and services in Hong Kong. Wincor Nixdorf as the Global parent Company Group has a presence in about 100 countries, with its own subsidiary companies in 38 of these. A total of more than 9,000 employees work at Wincor-Nixdorf. Wincor-Nixdorf is the leader in Europe and the number 3 in the world for programmable electronic POS systems (EPOSs) and the number 2 in Europe and worldwide for automated teller machines. Wincor-Nixdorf has production facilities at Paderborn, Germany, and in Singapore, Shanghai, and Sao Paolo.
Sino Payments and PowerE2E are involved as partners to provide PowerE2E customers with Sino Payments processing services and PowerE2E is integral to deployment of the Sino Payments IP and ecommerce processing system installed in Shanghai and customers include Tesco, Carrefour, E-Mart and Shoe-Mart Group, as well as Coca-Cola, Proctor & Gamble, Unilever, Nestle and other major FMCG-companies.
Sino Payments President and CEO Matthew Mecke added, "We have been building a strong team of international and Asia Regional partners to help propel Sino Payments processing system and related services to the highest level of regional and international retailers in Asia. By working with these and other partners Sino Payments will be moving ever closer to critical mass across the Asian region. While the China electronic payments market alone is 18.6 Trillion USD equivalent in size, there are many exciting opportunities both inside China and around the region that Sino Payments is working to be involved in."
About Sino Payments, Inc. (www.sinopayments.com)
Sino Payments is a Nevada incorporated U.S. Company with offices in Hong Kong and Macau. Sino Payments proprietary IP transaction processing system (SinoPay GPP) was designed to convert transaction processing systems from old type dial up point of sale systems connected to sophisticated check out terminals to a modern seamless IP transaction process, thereby reducing credit and debit card transaction processing times by half at checkout. Sino Payments focuses on providing IP credit and debit card processing services to large retail chains in China and throughout Asia including supermarket chains and large regional multinational retailers.
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FORWARD-LOOKING-STATEMENT:
Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the credit and security industry, customer acceptance of products and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Sino Payments, Inc. results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Sino Payments, Inc. undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.