First Data partners with China CITIC Bank International

First Data and CITIC Bank International have partnered to launch a range of merchant acquiring solutions (Image Pinkypills / iStockPhoto)

First Data and Hong Kong-based CITIC Bank International Limited (CNCBI) have partnered to launch a range of merchant acquiring solutions including point of sale terminals, eCommerce solutions, and other value-added services in Hong Kong.

Through this partnership, CNCBI clients will have access to a full range of payment acceptance methods in-store, on mobile devices, and online. Clients with physical stores, for instance, can take advantage of First Data’s latest all-in-one point of sale terminals which accept all major payment types in Hong Kong, while they can also ride on First Data’s global eCommerce solutions to facilitate the convenience of payment via card, mobile wallet or e-wallet, online and offline.

The partnership with First Data aims to provide CNCBI clients with more channels to accept payments and inject funds directly into their CNCBI Business NOW account with a shorter settlement time. “Clients can manage their operating cash in a single account, enjoy preferential deposit interest rates and gain better visibility and control over their working capital,” said Ronald Iu, Executive General Manager, Assets & Liabilities and Customer Strategy, Personal and Business Banking, CNCBI.

“As First Data continues to invest in best-in-class technology, CNCBI clients will benefit from the flexible, robust and secure merchant solutions enabled by First Data in Hong Kong and as they expand their operations globally,” said Ivo Distelbrink, Executive Vice President, Head of APAC, First Data.

First published in FinTech Innovation


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