PiedPay has reached strategic cooperation with third-party payments and local banks in many countries around the world, including Southeast Asian online payments MOLPay and MOLPoints, eNETS in Singapore, and online bank transfers in Japan, South Korea, and Hong Kong, covering most of the countries and regions in Asia; Middle Eastern local payments CashU, Onecard; European local payments Sofortbanking, Trustpay; prepaid card payment organizations Paysafecard, Ukash; Brazilian local payment Boleto, Brazilian online bank transfers and so on.
PiedPay provides one-stop access to mainstream payment methods in many countries around the world, allowing overseas users to use their own e-wallets, prepaid cards, online bank transfers, and even cell phone payments. This not only makes payment simpler, but also improves the user payment experience and payment success rate, PiedPay makes it easier to collect payments globally!
PiedPay provides simple, safe and fast global online payment solutions for foreign trade e-commerce, overseas games, education, cross-border travel, air tickets and hotels, Taobao shopping, software sharing and other industries, and provides global online payment services for small and medium-sized enterprises and individuals.
Local Payments in China
Alipay Wallet
Founded in December 2004, Alipay is the world’s leading third-party payment platform, dedicated to providing users with “simple, safe and fast” payment solutions. It has two independent brands, “Alipay” and “Alipay Wallet”. Since the second quarter of 2014, Alipay has become the largest mobile payment vendor in the world.
Alipay mainly provides payment and financial services. It includes a variety of areas such as online purchase guarantee transactions, network payment, money transfer, credit card repayment, cell phone recharge, water, electricity and coal payment, and personal financial management. After entering the field of cell phone payment, it provides services for a number of industries such as retail department stores, movie theaters, superstore chains and cabs. It has also launched financial management services such as Balance Treasure.
Alipay has established strategic partnerships with more than 180 domestic and international banks as well as VISA and MasterCard international organizations, making it the most trusted partner of financial institutions in the field of electronic payments.
Local Payments in Hong Kong
At present, the third-party payment tool mainly used by convenience stores in Hong Kong is “Octopus”, which is an electronic card that can be used for taking the Mass Transit Railway (MTR) and making purchases at convenience stores, and “Octopus” possesses a deposit-taking license from the HKMA. “Octopus has a deposit-taking license from the HKMA.
Originally used as a convenient fare collection system on public transportation, Octopus has expanded to include small transactions in the retail sector and many other areas, such as support for access control systems in commercial and residential buildings and facilities in schools.
With the support of more than 6,000 service providers, we have been able to extend Octopus technology into many aspects of our daily lives, surprising Octopus customers with a range of innovative applications that make life easier for everyone.
Today, Octopus is more than just a card. From rental Octopus to sales Octopus for personal customers or businesses, Octopus comes in a wide range of styles and varieties. From keychains, charms and watches to limited edition Octopus, there is a wide range of Octopus styles to suit different customer needs and tastes.
More than 1.4 million Octopus customers in Hong Kong are using the Automatic Add Value Service (AAVS), a convenient service offered by more than 20 financial institutions, to help eliminate the worry of low Octopus balances. Octopus customers can also add value to their Octopus with cash at thousands of locations throughout Hong Kong.
Local Payments in Japan
Japanese cell phone payment industry development characteristics
1、Telecommunication carriers as the leading industry chain, NTT DoCoMo, KDDI, SilverSoft, especially NTT DoCoMo model as a representative;
2、Uniformly adopting FeliCa chip technology of Sony Corporation.
NTTDoCoMo
The special gaming situation of competition in Japan’s cell phone payment industry enables mobile operators represented by NTT DoCoMo to occupy a dominant position in the cell phone payment industry chain.
NTTDoCoMo has a lot of experience to learn from in the development of cell phone payment. Since the launch of the cell phone payment service “CsaifuKeitai” in August 2004, NTTDoCoMo has expanded the service to many overseas markets, involving dozens of countries in Europe as well as Singapore, Hong Kong, China, Macao, China and other countries and regions.
The biggest advantage of NTTDoCoMo’s cell phone payment service is that it greatly simplifies the operation of the cell phone payment service and makes it convenient for users. However, NTTDoCo-Mo needs the support of banks and merchants in order to successfully carry out the cell phone payment service.
Local Payments in Malaysia
The Malaysian Gaming Market
When it comes to emerging gaming markets in Asia, we have to mention Malaysia, a country with a population of 29 million, 14.5 million 3G subscribers, and a particularly fast-growing network. Malaysia’s game market is more inclined to the Chinese market, especially the Taiwanese Chinese market. There are many Chinese online game companies and products that have successfully entered the Malaysian market. Due to the influence of Chinese cultural factors, basically, the Chinese market in Malaysia accounts for roughly 7 million people. Together with the emphasis on Internet construction in Malaysia in recent years, the online game market has seen unprecedented development.
However, when entering a country like Malaysia, there are many localization issues such as religion, political constraints and so on. These factors must be considered by every developer. Since Malaysia is a different country, it is very important to understand the market needs, gaming preferences, and payment preferences of the Malay people. Below is an overview of the main payment methods in Malaysia to help you learn more about the local market.
Credit Card (Visa & MasterCard) and Internet Banking in Malaysia
Prepaid Card
Prepaid cards are one of the most common payment methods for online games in Malaysia. Players can buy recharge cards at any convenience store to recharge online, and in recent years, due to the growth of the internet, many internet cafes sell recharge cards directly.
MOL has 500,000 physical and virtual payment channels in 75 countries around the world that can be used to charge for content and services. The company’s main markets are Malaysia, Singapore, Indonesia, the Philippines, Thailand and India.MOL has partnerships with more than 70 online game publishers, which total more than 200 online games.
Online Banking
Online banking is also one of the common ways for players to pay for their games. Due to the Chinese cultural factor, many games feature Chinese online banking payments, and the top-up amounts range from $10 to $1,000. If you don’t have the amount you want to top up, you can fill in any amount you want to top up. The main online banks are: Bank of Malaysia maybank, RHB, CIMB, Bank of China, China Construction Bank, BEA Bank of East Asia and so on.
Alipay
Alipay has local internet banking payment options in Malaysia, as well as overseas and China, Hong Kong, Macau and Taiwan. If you use Alipay internet banking transactions, use a Malaysian bank card to make payments through a third party payment provider, Revenue.
Epay
Epay was established in 1999, the company belongs to GHL Systems Malaysia Sdn Bhd, and its main business is local e-payment in Malaysia.
Cherry Credits
Founded in 2007, Cherry Credits is a digital payment provider in Singapore, currently focusing on online game distribution. It operates in Singapore, Malaysia, T&T, Vietnam, Philippines, Indonesia and Australia.
MyCard
Initiative Services: Otherwise known as “MyCard”, the company is based in Malaysia and was founded in 2001. The company provides digital content for gaming and payments and has expanded into Indonesia, Thailand, Singapore and the Philippines.
Local Payments in Philippine
In Southeast Asian markets, the use of credit cards is very low, as the penetration rate is still only around 4%. Therefore, physical channels such as kiosks, convenience stores or ATMs are necessary to purchase virtual goods.
It is well known that MOLPoints is the most popular payment channel for handheld games in the Philippines, where Pre-Payment is one of the most common and major payment methods. In the Philippines, there are tens of thousands of points of sale in local supermarkets or convenience stores such as Tesco Lotus and 7-11, which have a wide coverage. There is a 7-11 five minutes away from your doorstep, and MOL point card is also the most popular payment channel in mainstream Line games and Facebook social games in the Philippines.
MOL
MOL is the largest online e-payment provider for goods and services in Southeast Asia. As of March 31 this year, the physical channel covers 4 continents and 920,000 physical points of sale in 13 countries. The company also has mobile and electronic channels that accept online payments and credit cards from 94 banks worldwide.
MOL’s main product is MOL Points, MOLPoints for purchasing online gaming content, including Facebook gaming cards. Other businesses include MOLPay, a payment solution for online content; MMOG.asia, an online gaming portal; MOLWallet, an online cell phone payment system; and MOLReloads, a digital content and phone bill prepaid card business.
MOL has market share in countries such as Malaysia, Thailand, Turkey, Philippines, Brazil, Indonesia and Vietnam.