20 Aug YuuZoo Expands Its Global Footprint With Global Payment Gateway – YuuPay


yuupay
Singapore, August 20, 2013 – Singapore based YuuZoo Corporation (“YuuZoo”) today announced that it has expanded its global payment capabilities through an additional new payment gateway. YuuZoo’s new gateway is connected to over 200 banks in 60 countries, and includes cutting edge fraud detection and risk management capabilities. The gateway offers fast, secure and reliable online transactions services to global merchants who are looking to connect with customers in multiple currencies in multiple regions.

Operating in the payment space through its 100% owned subsidiary YuuPay Secure Pte. Ltd. (“YuuPay”), YuuZoo’s payments business is focused on catering to customers requiring special technical skills and sophisticated payment solutions. The customers also stand to gain from YuuPay’s significantly better rates than what the market on average commands, [with?] faster connectivity and proven technology infrastructure. All of this ensures YuuPay’s customers have a strong competitive advantage.

A key trend that is driving YuuPay’s business is the growth of ecommerce, especially from social networking. According to studies by emarketer, , global ecommerce sales are to top $1.2 trillion this year. Asia-Pacific is almost at par with America’s share of ecommerce. Next year, Asia-Pacific will lead all other regions in share of money spent online worldwide.

Commenting on YuuPay, Thomas Zilliacus, Chairman and CEO of YuuZoo Corporation said, “As the integrated payment gateway for YuuZoo, which has over 37 million registered users across 164 countries, YuuPay is an integral part of the YuuZoo ecosystem. It empowers the brands and network owners we work with to monetize their e- and m-commerce activity in the targeted social networks. YuuPay provides our customers with complete payment solutions.”

Yuupay offers its customers a full suite of payment solutions. YuuPay has deep technical expertise, global reach and subject matter expertise that ensures the connectivity of any online merchant to any type of payment solutions.

Commenting on the new gateway, Yoav Elgrichi, CEO of YuuPay Secure Pte. Ltd. said, “As a globally operating PSP we see the need to offer wide connectivity to banks around the world. This allows us to cater to the payment requirements of merchants in a wide range of geographies, currencies and industries. Our new gateway is a major step in our continued endeavour to service customers faster, in more geographies and currencies and across multiple industries.”

In recognition of its technology innovations, YuuPay has been shortlisted as one of this year’s Red Herring 100 Asia finalists for 2013. The Red Herring editorial team selected the most innovative companies from a pool of thousands of companies across Asia. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation, quality of management, execution of strategy, and integration into their respective industries.

ABOUT YUUZOO:
Headquartered in Singapore, with over 35 million registered users in 164 countries, YuuZoo represents the next generation of social media networks powered by the global mobile revolution. YuuZoo’s targeted ecommerce social networks are device-agnostic but optimized for all mobile phones, smartphones as well as feature phones. For more information about the company, please log onto:YuuZoo

ABOUT YUUPAY:
YuuPay provides highly secure and robust mobile/online payment solutions across five continents. YuuPay is focused on customers requiring special technical skills and sophisticated payment solutions to increase their global reach. It’s unique and secure payment solution improves merchant operating efficiencies and reduces delinquencies. YuuPay also offers a unique integrated payment solution, especially developed for ecommerce within social networks. Its solutions are mobile optimized. For further information, please log onto www.yuupay.com