Here is an interesting article on a new credit card processing deal in Asia I found on MSNBC

Sino Payments, Inc. (OTCBB: SNPY) is pleased to announce that it has received clearance from the National Association of Securities Dealers (NASD) to trade on the Over the Counter Bulletin Board under the trading symbol SNPY.

Sino Payments is an Asian-based credit and debit card processing merchant services company, which has developed an IP (Internet Protocol) processing network to provide credit and debit card clearing services to merchants and financial institutions in China and regionally in Asia. The primary focus of future development efforts will be the rapidly growing Chinese credit and debit card market. Sino Payments aims to become a leading China-wide provider of world-class IP transaction processing services to bankcard accepting merchants.

Matthew Mecke, Chairman & CEO of Sino Payments, commented, “We have been working for some time to complete our system and company product offering to be able to bring added value to the credit card processing business throughout Asia and particularly for international merchants doing business in China. We are confident that we will be in a position to begin providing services to an initial group of clients within the coming months and will focus our efforts on rapidly building out our China client network. Initially we will be focused on key target markets in China as well as large regional retail merchants with stores across Asia.”

Your thoughts?

Credit Card Processing asia, Credit Card Processing