Cardpay announces its further expansion into 5 new major markets including US, Mexico, Brazil, China and Singapore.

Cardpay – global fintech provider and fast-growing payment processor serving the needs of eCommerce businesses selling internationally announces its further expansion into 5 new major markets including United States, Mexico, Brazil, China and Singapore.

Kirill Evstratov, Group CEO of Cardpay, said: “This is an important milestone for our company and we are excited about the opportunity to offer our services to customers on 4 continents. We are constantly looking for the ways to serve our customers better and make it even easier for them to accept local payment methods around the world. Adding these large and growing countries allows our customers to market their good and services to almost 2 billion consumers there.”

With global eCommerce market to reach $4 trillion next year more and more merchants are looking for a cost-effective way to accept payments from their customers across multiple geographies. Cardpay’s partnership with Visa, MasterCard and China UnionPay allows processing these payments in a fast, simple and secure way. Its all-in-one payment platform enables merchants to improve conversion rates and increase their revenue as a result.

Kirill added: “No secret that in many cases a high cart abandonment rate is linked to merchants’ inability to provide local payment methods. With our platform this becomes a thing of the past as our customers can accept 300+ payment methods including Alipay and WeChat Pay in China, Boleto in Brazil, Oxxo and PayNet in Mexico. We are streamlining the payment process by bringing our customers the widest range of local payments possible while keeping their cost of accepting international payments down”.

CardPay is a global regulated financial institution specializing in payments processing, card services and banking. With headquarters based in Europe, US operations were launched in 2018 as a part of the company’s global expansion strategy. Cardpay is a principal member of Visa, MasterCard, Unionpay International and JCB International and provides all-in-one financial solution to online businesses worldwide.