Weyland Tech Announces Partnership to Access 99% Of China's Bank Customers
December 22 2017 - 10:14AM
InvestorsHub NewsWire
NEW YORK, NY -- December 22, 2017 -- InvestorsHub NewsWire
-- Weyland Tech, Inc. (OTCQX: WEYL) ("Weyland" or "Company"), a
provider of mobile business applications, announced today that it
has entered into a memorandum of understanding (“MOU”) with DDBill
Payment Co., LTD, the operators of China’s fourth largest payments
gateway Dinpay (www.dinpay.com, English: us.dinpay.com).
“I am pleased to be able to announce today that Weyland has
reached principle terms for an agreement with Dinpay to offer their
services through our CreateApp and upcoming AtozPay platforms.
DDBill processed $121 Billion in transactions in the past year, 20%
of which initiated from outside of China. The ability to provide
goods and services to Chinese customers and accept payments through
apps built in CreateApp and AtozPay is a huge win for our customers
around the globe,” commented Weyland CEO, Brent Suen, announcing
the news. “It’s particularly exciting for AtozPay since Chinese
tourists now make up the largest group of visitors to
Indonesia.”
Under the terms of the MOU, DDBill will assist Weyland in
scaling its digital payments and wallet platforms and provide
access to DDBill’s Dinpay China payments gateway.
Matthew Brent, Head of Strategic Development, discussed the
details of Weyland’s plan for its relationship with DDBill. “As
we’ve been saying for some time, Weyland is committed to bringing
value added transaction capabilities to our customers. Our
understanding with DDBill will allow all of our customers to access
China’s payment networks to receive and send payments to their
Chinese customers and suppliers. Ninety-nine percent of Chinese
payments are through these networks instead of credit-cards.”
“For our CreateApp customers it means we’ll be building modules
that allow them to access China UnionPay, Alibaba Group’s (NYSE:
BABA) Alipay, and Tencent Holdings (HKG: 0700) WeChat Pay networks
along with 99.9% of bank accounts in China. It also means that the
ability to sell in RMB to Chinese customers and settle in local
currency will be coming to AtozPay,” continued Mr. Brent.
Mr. Suen concluded, “The ability to engage with Chinese
consumers is a boon for our merchant customers seeking to extend
their m-commerce reach to the vast Chinese market. As we build our
transaction capacity in CreateApp and our AtozPay wallet platform
we will continue developing partnerships and capabilities to enable
customers all over the world to do business with each other on
mobile smartphones. We will continue to add additional payment
options through 2018 and look forward to announcing support for
additional markets and currencies including cryptocurrencies and
blockchain assets which address the market needs and shortcomings
in regions and countries where we are active.”
About DDBill Payment Co., Ltd
DDBill Payment Co., Ltd (also known as www.dinpay.com),
established in September 29, 2007, is a private company providing
professional and secure online payment solutions for the vast
number of merchants, businesses and consumers. In June 2012, Dinpay
obtained the "Payment Services License" certified by the People's
Bank of China. Our headquarters is located in Shenzhen, China; with
subsidiaries in Hong Kong, Malaysia, United States and the
Europe.
Dinpay payment gateway supports online transactions between
merchants and consumers by connecting China local banks, bank card
association, mobile network operators, city micro payment
operators. We offer internet banking payment, express payment,
prepaid card payment, Dinpay Wallet payment, Smartphone App
payment, QR code payment, and other value-added services, ensuring
secure and efficient cross-border payment services for our
merchants. Dinpay partners with major China banks in China, as well
as international credit card issuers, such as Visa, MasterCard, JCB
and American Express.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia
markets. Our CreateApp platform offered in 14 languages, enables
small and medium sized businesses ("SMB's") to create native mobile
applications ("APP") for Apple's iOS and Google Android without
technical knowledge or background. Empowering SMB's to increase
sales, reach more customers and promote their products and services
via simple easy to build mobile APPs in an affordable and
cost-effective manner.
Follow Weyland Tech online at:
Weyland Tech Facebook Page
(https://www.facebook.com/weylandtech)
Weyland Tech Twitter Feed
(https://twitter.com/weylandtechinc)
Weyland Tech LinkedIn Page
(https://linkedin.com/company/weylandtech)
Brent Suen, CEO Public Facebook Page
(https://www.facebook.com/BrentSuenWEYL)
Brent Suen, CEO Public Twitter Feed
(https://www.twitter.com/BrentSuenWEYL)
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company. All statements, other than
statements of historical fact included herein are "forward-looking
statements" including statements regarding: the continued growth of
the e-commerce segment and the ability of the Company to continue
its expansion into that segment; the ability of the Company to
attract customers and partners and generate revenues; the ability
of the Company to successfully execute its business plan; the
business strategy, plans, and objectives of the Company; and any
other statements of non-historical information. These
forward-looking statements are often identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions and involve known and unknown risks and
uncertainties. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks, and uncertainties, and these
expectations may prove to be incorrect. Investors should not place
undue reliance on these forward-looking statements, which speak
only as of the date of this news release. The Company's actual
results could differ materially from those anticipated in these
forward-looking statements as a result of a variety of factors,
including those discussed in the Company's periodic reports that
are filed with the Securities and Exchange Commission and available
on its website (http://www.sec.gov). All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. Other than
as required under the securities laws, the Company does not assume
any duty to update these forward-looking statements.
CONTACT WEYLAND TECH @:
info@weyland-tech.com
www.weyland-tech.com