Shown in the photo during the recent MOA-signing ceremony (from left to right) are: Elmer M. Malolos, Smart Load and Financial Services Head and Joseph Chan, CEO of AsiaPay.
Who needs a wallet when you’ve got a phone?
AsiaPay, the leading provider of secure electronic payment solutions in and Smart Communications, Inc. (Smart), now enable Smart Money account holders to pay for their online purchases through merchants of PesoPay – AsiaPay’s online payment service in the Philippines.
Smart Money is the world’s first reloadable cash payment card linked to a mobile phone.
“We are excited to partner with Smart in offering additional payment options to merchants and in providing secure online payment support to Smart Money users. We are committed to providing innovative and effective solutions to the industry, and the extension from online to mobile payments is a key focus for AsiaPay. This latest partnership and offering strengthens our position as one of Asia’s leading payment service providers offering total payment solutions to our clients,” says Joseph Chan, CEO of AsiaPay.
AsiaPay’s wide network of merchant partners, extensive experience in electronic payments, and comprehensive fraud management system with real-time fraud potential transaction screening easily complement Smart Money’s unique lock / unlock feature that enables any Smart Money account holder to authorize online purchases and addresses the security concerns of online shoppers as it requires account holders to input a Personal Identification Number (PIN) via a Smart mobile phone to signify that an online purchase transaction has been authorized. This gives Smart Money users even more control over their accounts, and protection from fraudulent online transactions.