Coinify & iPayDNA bring blockchain payments to Asia Pacific

Coinify and iPayDNA bring blockchain payments to the Asia Pacific merchants

Joint Press Release

MARCH 23rd, 2016 – COPENHAGEN, DENMARK; HONG KONG – Leading blockchain currency payment service provider, Coinify ApS and Hong Kong- based payment service provider, iPayDNA International Ltd. are proud to announce a new partnership that will bring advanced blockchain payments to a vast amount of merchants residing in the Asia Pacific region.

Partnering with iPayDNA is another step of Coinify’s recently announced push into the Asian market. The new PSP agreement will allow Coinify to extend their blockchain merchant processing solution distribution channel throughout the Asia Pacific region where iPayDNA holds a dominant position.

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.”

Asia-Pacific is home to more than 60% of the world population, accounts for nearly ¾ of global payment transactions and has the highest share of e-commerce in GDP. “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,” Morten Bebe concludes.

Guan Seow, Managing Director of iPayDNA, said upon the new partnership: “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.”

 The new partnership enables iPayDNA’s merchants to accept 17 blockchain currencies including bitcoin from any country in a secure environment and receive payouts in local currency to their bank accounts within a few days.

About iPayDNA International Ltd.

iPayDNA International is a privately owned corporation formed in 2004. iPayDNA is a PCIDSS level 1 Compliant IPSP linked to numerous banks around the world to provide credit and debit card like Visa, Master, JCB & China Union Pay (CUP) and non-card payment processing services to Internet merchants for various industry like General Ecommerce, Classified Advertisement, Gaming, Forex, File Sharing, Nutra, Travel etc from around the world.

Ipaydna also provide Virtual Wallet & Prepaid card program with or without co-branded debit card used for a broad spectrum of vertical payments including Gift Cards, Telco Cards, Transit Cards, Payroll Cards, Health Savings, Electronic Benefits, Social Welfare Payments & much more.

The management team at iPayDNA has vast banking and e-commerce industrial experience while iPayDNA’s shareholders are ex-bankers from Citibank, HSBC and VISA International. The company has offices and representative offices in Hong Kong, Malaysia, Philippines, Mauritius, UK and Gibraltar. Read more about iPayDNA at their website www.ipaydna.biz.

About Coinify ApS

Coinify ApS operates as a blockchain payment service provider with focus on extending blockchain currency payment processing and trading services to merchants and consumers respectively. Coinify serves global Payment Service Providers, online businesses, physical shops, and individuals. Coinify Merchants solution supports 17 blockchain currencies including bitcoin globally with an option to receive payouts in local currencies. Trade customers can buy and sell bitcoin using their credit card or via bank transfers in their local currency.

The company was incorporated in 2014 and is backed by a multi-million dollar capital injection from SEED Capital (funded by the Danish government) and Accelerace. Headquartered in Copenhagen, Denmark, Coinify is the leading blockchain payment service provider (bPSP) with strong presence on the European and Asian markets. For more information about Coinify, visit their website at coinify.com.

For more information, please contact:

iPayDNA International Ltd. Coinify ApS
3/F, Shun Feng International Centre, Herlev Hovedgade 15B, 1.
182 Queens Road East, 2730 Herlev,
Wanchai, Hong Kong. Greater Copenhagen, Denmark +45 3693 4994
Katerina Chang; PR Lenka Hudakova; PR
Email: marketing@ipaydna.biz Email: lhu@coinify.com