Conotoxia Adds Payment Method UnionPay for Currency Exchange

Conotoxia Holding Group, a Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term solution and online foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term) trading provider, announced this Thursday that it had added another payment method for its customers for money transfers and currency exchange.

The new payment method is UnionPay, which also goes by the name of China UnionPay, CUP and UPI. It is a Chinese financial services corporation, which provides bank card services and a major card scheme in mainland China.

According to the statement, UnionPay is one of the largest card issuers in the world, with more than 7 billion cards having been issued. As can be expected, the company is most popular in China. However, both domestic and international payments can be made.

Via its online platform at Conotoxia.com, users can now use UnionPay along with other payment methods, including Google Pay, Apple Pay or a suite of card issuers Visa, Visa Electron, Mastercard, Maestro, American Express, JCB, Discover, Diners Club, Bancontact, Cartes Bancaires.

The company also recently added three new payment methods - Sofort (now Klarna), iDEAL and Entercash, which are popular in some European countries.

Users of the company can use these payment methods to use the services of Conotoxia Holding Group which offers payments, money transfer and currency exchange solutions through its various subsidiaries.

Conotoxia enables currency exchange transactions

Through its online platform Conotoxia.com or through its currency exchange app, which is available for iOS and Android users, customers can convert currencies and make transactions instantly in converted currencies.

As Finance Magnates recently reported in December, through its platform, clients of Conotoxia can convert and track the exchange rates of 26 currencies. The group also offers trading services through Conotoxia Ltd, a Cyprus based online Forex broker.

Through Conotoxia, Inc., the group is also planning to provide a money transfer service in the United States. This service will enable people to send money from the US to 26 countries within Europe.

At present, the company has gained regulatory approval in most of the country’s states and is currently in the process of obtaining the last remaining few, the company’s website claims.