The Cost Playing cards Group Restricted (PCG), a cloud-native cost processor and acquirer, has teamed up with Black Bear Service provider Companies Restricted to launch a brand new model – AbbyPay.
Beneath the brand new strategic alliance, AbbyPay will use PCG’s place as an acquirer with main card schemes like Visa, MasterCard, AMEX, UnionPay and JCB.
The partnership may even leverage PCG’s cloud-based cost platform, A3A, to serve BBMSL’s buyer base successfully. This collaboration goals to considerably broaden PCG’s attain, concentrating on 50,000 native retailers throughout Hong Kong and different Asia Pacific areas, by providing cost applied sciences that meet numerous market calls for.
The signing ceremony was attended by key figures together with AbbyPay’s consultant Barry Mak, PCG’s founder Peter Wu, BBMSL’s CEO Gerald Yu, CFO Ester Chow, and PCG’s co-founder and chief working officer Beatrice Tai.
The partnership
“This strategic alliance marks an necessary milestone for PCG within the subject of cost options within the Asia-Pacific area,” says Tai, of PCG. “With the technological benefits of our A3A platform, mixed with BBMSL’s stong market protection, AbbyPay will present progressive, seamless cost and settlement options for micro retailers, SMEs and enterprises, quickly and effectively tapping into new markets throughout varied industries within the Asia-Pacific area.
“We sit up for AbbyPay increasing its enterprise footprint and additional consolidating the native cost business, strengthening PCG’s main market place within the cost sector.”
Yu of BBMSL, stated: “This strategic alliance represents PCG’s excessive recognition of BBMSL’s years of effort and achievements within the Hong Kong market, reflecting our potential and confidence in working collectively. Since 2017, BBMSL has held a big market share within the native SME service provider market and has gained widespread recognition and help in Hong Kong. These benefits will lay a strong basis for AbbyPay’s growth. I sit up for working with AbbyPay to satisfy BBMSL’s mission, develop alongside SMEs, and hope this partnership creates even larger achievements.”
Highlight on AbbyPay
AbbyPay will supply Asia’s first cloud-based cost processing and settlement platform, A3A, throughout markets in Japan, Singapore, Malaysia, and Thailand. By a single API, A3A gives direct end-to-end processing with main card schemes (akin to Visa, MasterCard, AMEX, JCB, and UnionPay), e-wallet networks, and cell cost platforms.
Evaluating to conventional cost processing platforms, A3A boasts aggressive benefits akin to low integration payment, speedy and simple integration, on the spot settlement, and real-time transaction information insights.
Mak, consultant of AbbyPay, stated: “We’ve got entered a brand new period of cost within the Asia Pacific market. AbbyPay is groundbreaking in Hong Kong’s cost business and can disrupt the whole sector, bringing unprecedented alternatives. PCG has sturdy technological capabilities, whereas BBMSL has a strong buyer base and market recognition within the native market.
“I firmly imagine that AbbyPay has limitless potential in Hong Kong and the Asia-Pacific area, main future cost tendencies whereas serving and creating worth for every type of retailers, from giant chain eating places to SMEs and micro retailers.”
