Thai Issuer Launches AsiaPay Gateway for CNP Merchants

June 7, 2010 

AsiaPay Limited, a Hong Kong-based payment processing technology provider recently announced that Krungthai Card, the largest credit card issuer and acquirer in Thailand, has launched a customized payment gateway solution for Customer Not Present merchants. The PayGate payment gateway comprises multi-card, multi-currency and multi-channel payment processing, fraud detection and management, together with bank specific customized processing functionalities. The gateway’s built-in 3D-Secure system covers Verified by VISA, MasterCard SecureCode, and JCB J/Secure. “We are honored to offer our advanced payment technology and solution to Krungthai Card. The implementation will bring latest security protection, fraud management and differentiated payment processing values to the bank’s merchants, enhancing merchant sales and service, as well as product competitiveness,” said Joseph Chan, CEO of AsiaPay. “AsiaPay strives to bring latest electronic payment processing and security technologies to the market and contribute to the growth of e-payment and e-commerce in Thailand.”