RIVERWOODS, Ill. & SHANGHAI--(BUSINESS WIRE)--
Allinpay, one of China’s leading alternative payment providers, and
Diners Club International, a subsidiary of Discover Financial Services
(DFS) and part of the Discover Global Network, announced that Allinpay
is now an acquirer for all cards that run on the Discover Global
Network. Allinpay merchants will now be able to accept Discover, Diners
Club International and affiliate partner cards, increasing acceptance in
the Hong Kong region.
Through working with Diners Club International, Allinpay will be
expanding their business outside of Mainland China and into Hong Kong.
Allinpay’s main focus in Hong Kong is travel oriented merchants, which
aligns with Diners Club’s acceptance strategy in the market.
“Expanding Diners Club acquiring services into Hong Kong deepened our
co-operation with Discover Global Network,” said Jim Yu, Vice President
of Allinpay Network Services Co., Ltd. “Providing more payment choices
and services to Hong Kong merchants and cardholders is in line with our
goal to aggressively open up overseas markets.”
“Hong Kong continues to be a key destination for Discover Global Network
cardmembers,” said Ricardo Leite, vice president of global acceptance
for DFS' Payments Services. “Our partnership with Allinpay will allow us
to open more merchants for them to shop at and use their preferred
choice of payment.”
Discover Global Network is the third largest payments network in the
world1. With over 41 million merchant acceptance locations
and 1.9 million ATM and cash access locations across 185 countries and
territories, Discover Global Network includes Discover, Diners Club
International, PULSE and affiliated networks.
About Allinpay
Established in October 2008, ALLINPAY is a leading third party payment
processor in China. Headquarter located in Shanghai, ALLINPAY has 34
branch offices covering all China provinces and has presence in Hong
Kong & U.K. with over 6,500 employees worldwide. ALLINPAY is one of the
few financial institutions in China possesses full scope payment
licenses spanning online, offline, domestic, cross-border, acquiring and
issuing. At present ALLINPAY acquires over 1.5-million merchants. With
RMB1.46 billion paid up capital, ALLINPAY’s annual turnover exceeded
RMB4.2 trillion nowadays. For more information, please visit http://www.allinpay.com.
About Diners Club International Ltd.
Established in 1950, Diners Club International became the first
multi-purpose charge card in the world, launching a financial revolution
in how consumers and companies pay for products and services. Today,
Diners Club is a globally-recognized brand serving the payment needs of
select and affluent consumers, offering access to more than 800 airport
lounges worldwide, and providing corporations and small business owners
with a complete array of expense management solutions. With acceptance
in more than 185 countries and territories, millions of merchant
locations and access to more than 1 million cash access locations and
ATMs, Diners Club, as a part of the Discover Global Network, is uniquely
qualified to serve its cardmembers all over the world. Diners Club
International is a wholly owned subsidiary of Discover Financial
Services (NYSE: DFS), a direct banking and payment services company with
one of the most recognized brands in U.S. financial services. For more
information, visit www.dinersclub.com.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers private
student loans, personal loans, home equity loans, checking and savings
accounts and certificates of deposit through its direct banking
business. It operates the Discover Network, with millions of merchant
and cash access locations; PULSE, one of the nation's leading ATM/debit
networks; and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discover.com/company.
1 By merchant acceptance. Global Payment Cards Data and
Forecasts to 2020 (RBR)
View source version on businesswire.com: http://www.businesswire.com/news/home/20170912005425/en/
Source: Discover Financial Services