Transact365 Expands Local Payment Methods Coverage in Asia Markets

Payments
10.11.2023 08:35 am

Transact365, a UK-based global payments platform, powering merchants across the globe, has expanded further in Asia by growing its offering of solutions and entering into new territories. Founded in 2017, Transact365 offers a global payments solution platform for merchants across the world in leading industries. Headquartered in London, Transact365 now works with over 800 merchants to access e-commerce opportunities in five continents through local payment processing solutions.

Building on an already comprehensive range of existing payment solutions for the Asian market, Transact365 continues to link multiple territories and billions of potential customers through its centralized payment gateway.

Bringing more coverage to Bangladesh, Cambodia, China, Indonesia, Malaysia, Philippines, Thailand, and Vietnam. Just some of the new solutions benefitting both merchants and consumers looking to make payments to, from, or in Asia include:

Alipay (including Ali Dingding, Ali Redpackage & Ali Scan Pay) - used in China, the digital wallet with more than a billion active users worldwide.

DuitNow - one of the most commonly used real-time payments networks in Malaysia.
EBPay - used in China EB Coin is self-defined as the world's universal digital asset with a constant RMB exchange rate which can freely be exchanged for RMB.
GCash – the number one downloaded wallet in the Philippines that enables customers to shop online and in-store while on the go.
Maya – with over 50 million registered users, Maya is the second-largest e-wallet in the Philippines.
QRIS – created by the Bank of Indonesia, Quick Response Code Indonesia Standard uses QR codes to facilitate cashless transactions for over 25 million merchants and over 30 million people.
TrueMoney – providing services for over 30 million underbanked Southeast Asian markets, TrueMoney is a mobile wallet that allows customers to pay bills, top-up mobile phones, make money transfers and pay via barcodes at participating merchants.
ViettelPay – one of the fastest growing fintech apps in Vietnam, the or offers mobile banking services, a digital banking platform, cash withdrawal from ATMs and domestic bank transfers.
ZaloPay – a leading e-wallet for Vietnamese users providing an alternative payment method, crucial to e-commerce success.

Transact365’s expansion comes at a time when countries across Asia are undergoing a significant transformation towards digital payments and financial services. This shift is being propelled by factors such as high mobile device penetration, supportive regulatory frameworks, and innovations introduced by fintech companies – all of which is leading to exponential growth in and demand for digital transactions.

“As a global facing fintech, we’re always looking for ways to further support merchants across the globe with payments,” said Liam Fernandez, Co-Founder and COO at Transact365. “With so much demand for digital and alternative payments as well as better interoperability in the Asian market, we’re thrilled to be able to provide further support and opportunity to any company working in or with the region.

“Our ongoing mission remains the same - increasing the volume of transactions taking place on our platform, building our network of merchants and local partners in both established and emerging markets, all the while focusing on the details and driving down things such as our chargeback ratio to a record low.”