Coinify, a Copenhagen-headquartered cryptocurrencies payment processor, has secured a new strategic partnership with iPayDNA International, a Hong Kong based payment service provider, to bring blockchain payments to its many merchants in the Asia Pacific region.
The new PSP agreement will allow Coinify to extend its cryptocurrencies merchant processing solution distribution channel throughout the Asia Pacific region where iPayDNA holds a dominant position. It also enables iPayDNA to offer its merchants support for 17 blockchain currencies, including Bitcoin, Litecoin and Ethereum, from any country and receive payouts in local currency to their bank accounts.
Morten Bebe, Sales Manager at Coinify, said: “We are thrilled about teaming up with iPayDNA. Being a company native to the Asia Pacific region, they have the best understanding of local merchants needs and at the same time being a company with an international mindset, they perfectly match the qualities we look for in our business partners.”
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“The increasing popularity of alternative payments is reinforced by the strong shift from cash to electronic payments and the increasing number of customers searching for their preferred payment method in a secure environment. Besides these strong indicators of the potential that blockchain payments have in the area, we are pleased about opportunities contributing to the infrastructure and supporting the digital currency adoption process,” he added.
Guan Seow, Managing Director of iPayDNA, added: “Our value proposition is to serve as a one stop center for online merchants by offering them the most card and non-card payment options. By adding a broad selection of the most popular blockchain currencies via Coinify, our merchants can further benefit from this variety. All iPayDNA’s customers, who are open to embrace blockchain currencies as their new alternative payment methods, can do so now, safely and with ease.”
Partnering with iPayDNA is another step of Coinify’s recently announced plan to push into the Asian market. Back in February, Vietnam’s bitcoin exchange Bitcoin Vietnam Co. Ltd. partnered with Coinify ApS to bring blockchain merchant processing tools to the Vietnamese market.