Computop, a leading global Payment Service Provider (PSP), announces a partnership with ChinaPay, the stately Chinese bank for e-commerce payments and China’s most prominent payment service provider.

To facilitate Chinese merchant transactions to customers outside of China’s borders Computop will provide its payment platform Computop Paygate. The server-based payment solution enables customers to use their preferred Alternative Payment Methods (APM) in their domestic currency, when buying goods online. Computop Paygate verifies and consolidates transactions and processes payments in Europe, North and South America and in a second step also in India and Southeast Asia.

Computop was chosen because of the open architecture of the software which enables it to be deployed across multiple territories. The included APM’s are: EPS, Giropay, iDEAL, SOFORT Banking, Bancontact, Przelewy24, SEPA, TrustPay, QIWI, MyBank, POLi, Finnish Online Banking, paysafecard, AstroPay direct, SafetyPay, and Skrill.

A ChinaPay manager demonstrated; “The reason to work with the Computop cross border Payment solution is because it enables us to offer China based merchants with a secure, cost effective and flexible method of selling their goods and services to customers outside of China using their preferred method of payment.”

Mr. Andre Malinowski, Managing Director Computop China, and cross border payment expert said, “We believe that trade will flourish, because customers will be able to use their payment method of choice, and merchants will receive funds quickly and securely via their existing trusted finance partner with minimal transaction costs and maximum security.”

ChinaPay further emphasized, “Computop is enabling ChinaPay to expand the services by creating access to consumers outside of China in a quick, secure and low cost manner. Consumers may use their preferred domestic Alternative Payment Methods to buy goods from Chinese merchants in a transparent and fraud free transaction. Merchants will be able to retain their existing finance relationship with ChinaPay and so incur no incremental cost while expanding their market overseas.”