UNPay aims to connect all mainstream
payment services within three years globally
UNPay, one-stop intelligent aggregation payment platform, announced today its official
launch in Singapore, marking its foray into Asia’s leading financial hub. At
the core of UNPay’s capabilities lies its unique ability to provide one single
application programming interface (API) that can solve the multiple and fragmented
payment channels faced by merchants today. It also offers merchants a
simplified one-stop portal or dashboard for all their accounting needs.
Its
advanced technology is developed and constantly refined by talents scouted from
renowned companies in the technology and financial industries such as Alibaba,
Baidu?JD and NETS. In the face of
increasingly sophisticated fraudsters, UNPay leverages on artificial
intelligence to detect and prevent transactional fraud in real time, thus minimising
the risk of transactional losses, and offering merchants peace of mind to focus
on their businesses.
Within
a short span of time, UNPay has rapidly established local teams in countries
such as Indonesia, New Zealand, Europe, and China beside Singapore. Founded in
the fourth quarter of 2017, UNPay was already highly sought after by many fintech
unicorns in the capital market even before it attained public funding. It
eventually completed its initial funding with three investment institutions
valued at over USD 63 million.
UNPay’s
commitment to the industry and local resourcing is unique. It believes in a
“glocal” mindset? assembling local teams and working with local
businesses who understand the local markets and regulations?while deploying a
global outlook. Its entities in the local markets also mean a direct connection
with banks and financial institutions, which translates into lower transaction
fees.
Though
new in the region today, UNPay has ambitious plans. It aims to form strategic
partnerships with major payment players locally and establish an extensive
payment network that is set to benefit hundreds of thousands of merchants. UNPay
targets to cover all major countries across the globe within three years, with
a vision of creating a supersized payment network.
At the
helm of this promising fintech startup is its founder and CEO, Mr Zhang
Zhenghua. Zhenghua is one of the most recognised and prominent figures in
China’s online payment industry today. As one of pioneers in Alipay, Zhenghua
was responsible for leading Alibaba’s financial arm to become the largest
third-party payment in China today.
Zhenghua,
who was also the brains behind Baidu’s financial arm, singlehandedly developed
Baidu Wallet, Payment and Money from scratch. Today, Baidu Wallet is one of the
most commonly used mobile payment platforms in China.
“The proliferation of smart devices has advanced the
development of digital payments, allowing a myriad of online payment methods to
burst into the market today. These range from digital wallets to digital apps
and credit cards, each offering varying benefits, rewards and convenience to
consumers,” expressed Mr Zhang Zhenghua, founder and CEO of UNPay.
“However, this has resulted in a fragmented payment
network, forming multiple silo walls between each payment gateway. This has
become a pain point for merchants who struggle with complex accounting systems.
Our aim is to bridge the gap by providing a unified platform among all mainstream
modes of payments. In addition, our revolutionary yet simplified technology
comes with a secure real-time fraud detection system. This greatly minimises
the risk of financial losses to merchants who will have peace of mind to focus
on what’s important — their businesses,” Mr Zhang added.
Currently,
UNPay’s one-stop digital payment platform can support all major payment methods
in Singapore including banks, credit cards, third-party payments, direct carrier
billing, prepaid cards. Merchants can expect professional and efficient technical
support, with transaction rates lower than those in the market. Upcoming in the
pipeline, merchants can also look forward to value-added services such as SaaS
cloud services, AI, big data, consumer finance, and supply chain financing on
UNPay’s open platform. For more information, please visit www.unpay.com.
About
UNPay
UNPay (www.unpay.com), a new Fintech open platform provider
with its regional office headquartered in Singapore, is dedicated to
aggregating mainstream electronic payment modes across the globe.
UNPay provides sellers worldwide with a one-stop intelligent
aggregation payment platform that aims to unify multiple collection channels
and simplify complicated payment account verifications. Its single-point fast
access can satisfy the fragmented payment demands of sellers anywhere in the
world to achieve borderless collections.
UNPay’s founding team members comprises top leaders in Asia’s
Internet Financial industry from Baidu Wallet, Alipay, WeChat pay and JD.com.
Its core team members include industry veterans from NETS in Singapore and
Kartuku from Indonesia.
