Vogogo, a Canada-based provider of risk management and payment processing services, has formed a strategic payment processing partnership with Aurfy, a US-based payment processor, to foray into Asian markets.
The partnership will allow Vogogo to expand its risk management and payment processing services to clients seeking to enter Asian markets as well as to provide better payment services to their existing Asian business portfolios. It will also include an ongoing technical integration between the two companies.
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Under the deal, Vogogo intends to roll out beta payment processing in Asia to clients in the latter half of 2015.
Vogogo CEO Geoff Gordon said: "Due to overwhelming demand for our services in Asia we are very pleased to have made progress in what is a very large and exciting market for us. Our focus continues to be about growth and expanding our service offering to target markets in coordination with our clients’ needs."
Aurfy CEO Yuanbo Wang said: "The combination of their incredible clientele along with their significant technical and operational capabilities including risk management and international compliance made this an easy partnership choice for our company."
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