AsiaPay, a provider of internet and mobile payment services and technologies in Asia, has launched PayDollar Debit Payment Service, a comprehensive debit payment option for the Asia Pacific region.

It’s a move apparently aimed at eating into some of eBay-controlled PayPal’s share of the electronic payments market in the Asia-Pacific region, including Australia, China, Singapore and New Zealand.

“As we reach a new milestone of AsiaPay’s strong alliance with leading payment and bank partners in Asia and China, we are pleased to launch PayDollar Debit Payment Service as an alternative payment option to non-credit consumers for businesses in Asia,” said Joseph Chan, CEO of the AsiaPay Group.

“Consumers can now enjoy greater payment convenience in making online purchases in Asia while merchants can further maximise their online sales by catering to non-credit consumers

PayDollar Debit Payment Service enables merchants to accept and collect online real-time debit payments from consumers in China, Australia, New Zealand and other Asia countries via bank accounts, debit cards, e-wallets, and prepaid products. AsiaPay’s partnerships will allow merchants to serve over 1 billion customer base throughout the Asia Pacific region. Currently, it can process payments from China UnionPay, AliPay, 99Bill, PPS, MyClear, BancNet, Globe GCash, Smart Money, POLi, Bangkok Bank, Bank of Ayudhya, TMB Bank, United Overseas Bank, Siam Commercial Bank, and Krung Thai Bank accountholders. And, payment is real-time and securely authenticated.

“The continued increase of online debit-ready consumers along with the comfort levels of consumers in making online purchases has created a new market for online businesses. And, we strive to offer our merchants the most integrated and comprehensive payment services possible by providing credit and debit payments in Asia, together with integrated multi-lingual account and consolidated transaction reporting, and single settlement even if the merchant has multiple debit payment options in different countries via our PayDollar platform,” said Chan.

Founded in 2000, AsiaPay, an electronic payment solution and technology vendor and payment service provider, is headquartered in Hong Kong and offers e-payment solution consultancy and  service support across nine countries in Asia: Thailand, Philippines, Singapore, Malaysia, Mainland China, Taiwan, Vietnam, Australia and New Zealand.

More information: www.asiapay.com and www.paydollar.com.