Dubai: The Middle East’s region is fast establishing itself as an emerging cross-border ecommerce market due to its ballooning smartphone penetration and growing consumer purchasing power.
iPayLinks, China’s leading provider of cross-border payment services, much-awaited entry into the regional fintech space has been termed as a game-changer. iPayLinks, which already has a licensed branch in Dubai, as well as a SAGIA licensed subsidiary in Riyadh, is aiming to build up the one-stop payment solution for the Middle East cross-border businesses.
This has further made the region an attractive ecommerce destination with big and medium-size player jostling for a piece of the action. MENA’s online sales has continued to register impressive growth over the years with the region’s trade volume expected to reach US$26 billion by 2020.
The GCC countries aim to boost trade and investment ties with the world’s second largest economy – China. This follows 35-year strong diplomatic relations between GCC countries and China. With recent actions, it is believed over 2000+ enterprises would benefit from bilateral relationship, as China’s internet giant Tencent and Didi are set to expand their horizons in the region.
Headquartered in the CBD of Shanghai, iPayLinks is set to bridge China’s and the Middle East’s e-payment industry ultimately contributing to the region’s e-commerce growth and convenient payment facilities.
"Business-to-Consumer is a rapidly growing trend for e-payments among consumers in the GCC region. We also envisage that Business-to-Business will follow suit as more companies warm up to the idea of moving most of their payments options online. The GCC and UAE, in particular, are leading on this from as more local businesses embrace cross-border business. iPayLinks is, therefore, strategically placed to offer seamless services that will enhance cross-border ecommerce. iPayLinks will provide real-time solutions that meet the regional e-commerce business’s demands by cooperating with regional acquirers and financial institutions," said Ben Wang, regional director, iPayLinks.
Following emerging fintech trends, gaps, challenges and a booming e-commerce cross-border business in the region, iPayLinks also aims to build a cross-border e-Wallet for Enterprises and Marketplace merchants.
This, according to iPayLinks, will help streamline the process of pay in and out by vendors in the region which will, in turn, boost revenues and avoid extra charges.
Invested by Tencent Group, Vision Capital, Legend Capital and several SEA funds, iPayLinks have great financial network in Asia, EU & United States. Over 2000+ e-commerce merchants around the world from different verticals like e-retailing, OTAs and Virtual Contents, are enjoying the services of a One-stop Payment Solution provided by iPayLinks.
ENDS
About iPayLinks
Headquartered in Shanghai, iPayLinks is a leading FinTech company in China delivering one stop cross-border payment solutions including payment gateway, funding, foreign exchange, global remittance and settlement, established branches in China, the United States, Europe, Southeast Asia, Middle East, Russia, India, Japan, South Korea and continue to expand. As a pioneer in payment technology, iPayLinks has raised multiple rounds of investments from prominent investors in Fintech industry like Tecent, Legend Capital, Vision+ Capital, Phoenix Fortune, Kairous Capital and has been featured as Top 50 Fintech companies by KPMG and Deloitte, Top Unlisted companies by Forbes.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
