Singapore/Beijing – March 2019: Singapore-based Arcadier, the world’s fastest growing marketplace builder with more than 7,000 created across 170 countries, announced today that it has signed a Memorandum-of-Understanding (MoU) with QFPay, a global mobile payment technology, service and solution provider servicing more than 1.2 million merchants across Asia and the Middle East.
The partnership will greatly expand the suite of payment systems that Arcadier’s marketplace operators and merchants will be able to offer, leveraging on the extensive network of payment gateways under QFPay’s umbrella.
It will be rolled out in phases over the coming months with the introduction of leading online and offline mobile payment channels from China followed by other Asian mobile wallets in mid to late 2019.
Arcadier and QFPay will also tap on mutual market strengths and explore growth opportunities together in China and Southeast Asia.
Kenneth Low, Arcadier’s Chief Commercial Officer, said, “We are excited about this partnership with QFPay. With such a rapid growth of mobile wallet users at the back of Chinese who use mobile wallets as their go-to means of payment for anything and everything, the convenience this collaboration affords our users is enormous.”
QFPay works with all the top mobile wallets from each of the 14 markets it is currently present in and plans to continue its expansion into the rest of the region to become the first company to ever create a mobile payment scheme. A leader in the mobile payment space, QFPay's wide network of merchants range from luxury fashion, jewellery brands, restaurants and hotels, exhibitions to convenience store chains.
Patrick Ngan, Co-Founder of QFPay, said, "QFPay's partnership with Arcadier is a testament of how we partner with the best of the best in the industry, whether that be mobile wallets, banks or merchants. We very much look forward to working together with Arcadier in empowering their marketplaces to be truly global in their payment offerings."
Arcadier is the world’s fastest growing SaaS (Software-as-a-Service) marketplace builder and is the recognised global leader of multi-vendor marketplace technology. Founded in 2013 in Singapore by senior PayPal executives, Arcadier powers more than 7000 online marketplaces in more than 170 countries. Arcadier enables start-up entrepreneurs, businesses and communities alike to build their own white-labelled marketplaces easily. Arcadier’s platform supports various eCommerce and Sharing Economy marketplace ideas; from retail to professional services and rental of space marketplace types. Arcadier has also recently launched a trade exhibition marketplace product, Exzbit, specifically for the MICE industry.
QFPay is a global mobile payment technology, service and solution provider servicing more than 1.2 million merchants across Asia and the Middle East. Founded in 2011 and headquartered in Beijing, China, the company has presence across 14 markets and is creating the first ever mobile wallet scheme connecting consumers, merchants, banks and mobile wallets in the region. Backed by well-known investors including Sequoia Capital and Matrix Partners, the company has executed over 1 billion transactions totalling more than USD15 billion in value.
To learn more about Arcadier Marketplaces or to speak to Arcadier’s founders, contact Evelina Ip at email@example.com, or visit the website at www.arcadier.com