PAY.ON and Planet Payment announced the support of UnionPay eCommerce Payments through the PAY.ON white label gateway. Planet Payment is the leading China UnionPay acquirer within PAY.ON’s global payment network.
White label global payment gateway
PAY.ON delivers white label global payment gateway solutions to payment service providers and acquirers enabling them to fully outsource payment transaction processing or integrate a gateway-to-gateway solution.
Tap into the world’s largest eCommerce market
China UnionPay is one of the largest card brands in the world with over 4.2 billion cards issued worldwide. Through PAY.ON, merchants will now have the ability to accept UnionPay credit and PIN debit cards, and bank transfer transactions online.
Planet Payment’s UnionPay solution is ideal for merchants looking to tap into the world’s largest eCommerce market. According to a report from the Chinese Ministry of Commerce, cross-border eCommerce in China is expected to grow 30% in 2016 from a year earlier, topping $1 trillion in value.
'Acceptance of UnionPay crucial for success'
Michael Doron, Managing Director at PAY.ON America said, "We are excited to have Planet Payment offering an end-to-end China UnionPay acquiring and processing solution on our global platform. Chinese cardholders are an extremely important market to any online retailer, and being able to accept UnionPay is crucial to their success."
UnionPay SecurePay solution
"We are pleased to be able to support UnionPay eCommerce payments on the PAY.ON platform,” said Paul Levine, President at Planet Payment Solutions. “In addition to accepting the 4.2 billion UnionPay debit and credit cards, our solution is multi-currency enabled, allowing merchants to price in foreign currencies like Chinese Yuan, while settling in their own. Also, our UnionPay SecurePay solution is a fully secure authentication payment method that effectively protects merchants against fraud-related chargebacks."
About Planet Payment
Planet Payment is a provider of international payment processing and multi-currency processing services. They provide services in 23 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through their 70 acquiring bank and processor customers.
About PAY.ON, an ACI Worldwide company
PAY.ON's core white label payment gateway provides cross-border payment processing, PCI-compliant merchant boarding, and access to more than 300 domestic and international acquirers and alternative payment methods.
Modular solutions are configured to specific business cases, with additional fraud prevention tools, monitoring and reporting, and business services. PAY.ON enables payment providers to rapidly increase international revenues, reduce costs and risk, and accelerate market expansion. PAY.ON joined ACI, the Universal Payments™ company, in 2015, creating an extensive portfolio of global payment solutions and services.
Article sourced from Press Release by PAY.ON on February 25th, 2016