Allied Wallet To Settle Transactions In Renminbi Through The China UnionPay Payment Solution

September 17, 2010 (PRLEAP.COM) Business News
Beginning October 1st, 2010 Allied Wallet will to offer its merchants the ability to accept transactions from customers using the China UnionPay card brand. This key partnership will enable ecommerce stores across the world to accept the Renminbi (RMB), the official currency of the People's Republic of China.

Allied Wallet has definitely recognized China's explosive economic growth and decided that this partnership would be in the best interest of our clients and our business." says Andy Khawaja, CEO of Allied Wallet "Our China UnionPay solution makes perfect business sense for any online company looking to break into the booming Chinese marketplace."

Allied Wallet becomes one of the first merchant services providers to allow settlement in the Renminbi through the China UnionPay solution. This shift marks a key point in the internationalization of the Renminbi which has been growing very strong over the course of 2010. With this addition, Allied Wallet will enable any of its thousands of merchants to efficiently sell goods and services to the People's Republic of China.

Allied Wallet is a merchant services provider which allows websites to accept credit cards online. Allied Wallet also offers a state of the art e-wallet solution and cutting edge ACH processing services.