Allied Wallet Acquires A Hong Kong Based Payment Processor

Jan 23, 2014 (Thu): Allied Wallet, a global provider of online credit card processing has announced its acquisition of CloudAsia, one of the largest Chinese payment processors in Hong Kong. The acquisition will give Allied Wallet more access to consumers and local banks in all regions of Asia including Indonesia, Korea, Malaysia, and mainland China.

“We’re happy to acquire a company that has had the level of success of CloudAsia, and we are excited to bring our solution to millions of new merchants across Asia. There are over 538 million internet users in China alone and we will be giving them a safer, better way to pay online,” said CEO Andy Khawaja.

Author: Terry KS

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