Mozido unveiled PayEase launched TradeEase – a new platform that will enable the first-ever cross-border B2C e-commerce payments between China and Russia.
Merchants in both China and Russia will be using the platform, with an expected 200 Chinese online shops participating at the time of launch and 800 by the end of 2015. More than 100,000 consumers in Russia are expected to be active on the platform during the first three months, reaching one million active users after one year.
Yandex.Money, the largest Russian payment processing company with 170,000 cash acceptance points, will serve as a primary partner, allowing buyers to pay for goods via their e-wallet or bankcard. Banking partners include the Bank of China, which will provide ruble to RMB FX conversion, and the Suifenhe Government, the governing body of the local border between Russia and China, which will subsidize promotions for TradeEase in both China and Russia.
The TradeEase platform brings unprecedented convenience to e-commerce consumers and merchants in Russia through a payments platform that is localized and customizable for merchants for an overall cost effective, more efficient way to buy and sell goods across borders, saving consumers both time and money.
The platform enables merchants in China to sell through e-commerce sites to consumers in Russia who pay using local credit cards, debit cards or bank accounts while merchants in Russia can sell through e-commerce sites to consumers in China. An offline-to-online (O2O) capability will provide a physical location where consumers in China can shop items from Russian merchants and purchase through the TradeEase platform, and likewise for consumers in Russia to shop for and purchase Chinese goods.
PayEase a Mozido affiliate, is principally engaged in the provision of electronic payment services includes payment via mobile phone and internet in the PRC. Headquartered in Beijing, PayEase currently focuses on a payment service platform that covers mobile, online, call centers and Point of Sales (POS) terminals. The comprehensive payment platform has direct connections to 23 banks in China and is a member of China Union Pay. PayEase can process all debit and credit cards including China Union Pay and 4 worldwide accepted international credit cards: MasterCard, VISA, American Express and JCB cards. PayEase’s major customers include Amazon, Apple, Burberry, H&M and Softworld, among others in the media, travel, TV shopping, e-commerce, insurance, mobile carrier and online gaming space. For more information, please visit us at http://www.beijing.com.cn or http://www.payeasenet.com.
Mozido delivers trusted digital commerce and payment solutions globally. Mozido’s mobile payment, financial services, loyalty programs, and mobile offers are delivered as cost-effective cloud-based solutions branded for clients. Highly interoperable, Mozido solutions work with virtually any wireless carrier and mobile device, and integrate easily with ads, offers and other products from 3rd parties. Mozido’s worldwide presence and global offerings include offices in the US, China, India, Africa, UAE, Germany, Mexico, Jamaica, and South Korea enabling people to exchange money and offers with family, friends, and merchants anywhere in the world.
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