Transact24 Chooses PAY.ON for Online Payment Processing

June 21, 2010

Munich-based online transaction provider PAY.ON AG announced recently it will provide its platform to Transact24, a payment service provider focusing on the Asian market. Transact24 is headquartered in Hong Kong and operates in Australia, Singapore, Indonesia, China, Macau, Mauritius, South Africa, the U.S. and the U.K. With its international presence, Transact24 is able to acquire and settle transactions in multiple currencies and is PCI DSS Level 1 compliant, according to a press release. The company will leverage the PAY.ON platform for credit card acquiring with a number of banks connected to the PAY.ON gateway. “We know that Asia is a fast growing market and are continuously strengthening our position in this exciting and important area,” said Robert Kuzelj, CEO of PAY.ON. “We are very happy to have a new client in Transact24, and look forward to supporting them in serving merchants internationally.”