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Corporate News

IPS (HK) LTD PARTNERS WITH SMART2PAY FOR ALTERNATIVE PAYMENTS

International Payment Solutions (Hong Kong) Ltd (IPS), the leading online payment service provider in China announced today its partnership with Smart2PayTM, which has the world's largest coverage of online alternative payment solutions. According to the agreement, Smart2PayTM will be providing its alternative payment methods to IPS, which will grant IPS customers access to a variety of local alternative payment methods all over the world.

Ronald Chua, Assistant General Manager of International Payment Solutions, said: "We are delighted to partner with Smart2PayTM, as this will allow IPS to fully benefit from the growth opportunities in many new markets."

"We are honored to work together with IPS and help them increase their offerings for new markets, as well as to assist the growth in new countries", said James Flinterman of Smart2PayTM.

While IPS has established cooperative payment partnerships with all leading banks in China, it now focuses to expand as an international payment business platform. In China, IPS has established a highly accepted Internet Payment platform which is able to process more than 200,000 online transactions every day. IPS is committed to provide a highly secure and yet fast transaction service for customers, and is constantly developing high quality products based on the requirements of market as well as through market research on the requirements of the payment Industry. This allows IPS to effectively provide solutions that meets the online managing-commerce requirements from card holders, merchants, enterprises and financial institutions.

About International Payment Solutions (IPS)

International Payment Solutions Limited (IPS), a subsidiary of Universal Technologies Holdings Limited (SEHK Stock Code: 8091), was founded in 2000. As one of the pioneers in the third-party payment industry in China, IPS has continuously honed its knowledge of and conducted in-depth research into controlling risks, delivering effective and efficient products and services and extending its business to offline payments. To date, IPS has formed business partnerships with 36 leading banks in China. IPS's powerful payment platform provides multi-currency services, including the ability to pay and settle in Yuan.

IPS is headquartered in Shanghai and has its international headquarters in Hong Kong. The company has several other office locations, including Beijing, Shenzhen, Chongqing, Guangzhou.

About Smart2PayTM

Smart2PayTM is offering local payment services to international merchants since 2002, covering more than 60 countries worldwide! By adding local payment methods to your ecommerce site, you will boost your sales significantly, by offering the preferred local method of payment to your customers!