7th Jan 2014 10:05
LONDON (Alliance News) - MoneySwap PLC Tuesday said that it has signed a payment service provider agreement with payment services provider SoEasyPay Europe Ltd.
The payment solutions firm said that the agreement will offer SoEasyPay customers UnionPay functionality and will in turn gain access to SoEasyPay's established merchant base, as it looks to capitalise on the rapid increase in Chinese consumer spending in the UK.
It said that that agreement is for an initial 5 year period, and SoEasyPay's merchants will now be able to process UnionPay transactions through MoneySwap's UnionPay gateway.
MoneySwap shares were untraded at 0.75 pence per share Tuesday morning.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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