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May 7, 2015updated 04 Apr 2017 4:03pm

ONPEX opens new office in Hong Kong

ONPEX, an online payment exchange, has expanded its presence in East Asia by opening a new office in Hong Kong.

By Verdict Staff

ONPEX, an online payment exchange, has expanded its presence in East Asia by opening a new office in Hong Kong.

The new office aims to expand the company’s global offering to obtain local bank accounts for collection and settlements in Asia and build local acquiring relationships with Hong Kong and China.

It will also serve a base for financial services and regulatory governance.

The Hong Kong office will also offer local banks, acquirers and PSPs access to ONPEX’s solutions, enabling them to accept payments from markets globally in multiple currencies and multiple payment methods.

ONPEX CEO Christoph Tutsch said: "China has around 600m online consumers with a market value of €14.5bn1. East Asian merchants want to sell to the world and the world wants to buy from that market.

"Our fully comprehensive platform offers accepts multiple payment methods and multiple currencies and ensures compliance with local laws."

ONPEX head of business development Eddie Wong said: "Having a team of locally experienced payment experts will not only be more effective and instrumental in expanding our local presence but also better understand both the local requirements and cultural sensitivities of each markets."

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