PhotonPay Named in EqualOcean's "2024 GoGlobal FinTech Top 10"
Company News | 2024-12-20 10:12:00
PhotonPay, a digital financial infrastructure provider, has been recognized as one of the "2024 GoGlobal FinTech Top 10" by EqualOcean. The company stood out among hundreds of contenders for its comprehensive payment services, high-quality products, cutting-edge digital resources, and exceptional financial technology innovation.
The "2024 GoGlobal FinTech Top 10" list highlights China's most promising globalized fintech companies, showcasing their potential to establish significant influence in international markets. Key evaluation criteria for the list included product and technological strength, global customer base, market penetration, compliance, and risk management capabilities, offering authoritative insights for the industry.
EqualOcean noted that the fintech industry has entered a "2.0 era" of global expansion defined by the export of financial technology services. Unlike earlier phases, this new stage focuses on the output of foundational technology and emphasizes integration with local markets through partnerships and innovation. Companies are now striving to meet diverse market needs by enhancing technology and optimizing services.
As a leading global payment platform, PhotonPay drives business innovation and optimizes payment experiences in international markets. For medium and large enterprises, PhotonPay offers embedded API solutions, enabling seamless integration of payment functionalities into proprietary platforms. This allows businesses to quickly access core capabilities such as account setup, card issuance, and fund transfers at minimal cost, accelerating their global expansion. For businesses focusing on localized operations, PhotonPay provides local collection services across 14 countries and regions, enabling direct local currency receipts without intermediary bank fees. This approach significantly reduces currency conversion costs, simplifies banking processes, and enhances cash flow efficiency to support business growth.
PhotonPay currently operates in nine international offices, including Hong Kong, Shenzhen, Shanghai, Hangzhou, the U.S., the U.K., Canada, Poland, and Singapore, processing over $10 billion annually. Its global payment network covers 180+ countries and regions, and supports payments in more than 60 currencies, making it one of the most comprehensive payment platforms worldwide. To address challenges in global payment scenarios, PhotonPay has also deepened collaborations with global card networks like Discover® Global Network and Mastercard, empowering enterprises with multi-scenario payment capabilities.
Since launching its globalization strategy in 2020, PhotonPay has achieved numerous milestones. In 2022, the company saw a 10x year-on-year growth in transaction volume, with its global team surpassing 200 employees. By 2023, it had served over 200,000 clients globally. In 2024, PhotonPay continued to expand its financial infrastructure advantage by obtaining financial licenses from the UK FCA (API) and Poland SPI, further strengthening its global compliance network.
PhotonPay remains committed to its mission of "Connecting the Global Digital Economy." By combining global reach with localized expertise, the company will continue to leverage financial technology innovation to drive transformation in the payments industry, unlocking new opportunities and shaping a brighter future for global businesses.
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Latest Announcements
PhotonPay Becomes a Mastercard Issuer in Hong Kong
To launch Mastercard Commercial Credit Card to help businesses better navigate market volatility
Company News |
2024-11-11 01:00:00
PhotonPay Partners with Coshine for Issuer Processing
PhotonPay, an innovative digital financial infrastructure service provider, has announced a strategic partnership with Coshine to optimize the capability of Photon Card through its issuer processing services.
Company News |
2024-11-07 11:00:00
Global digital financial infrastructure Lewison Chen, CEO of PhotonPay, on problem solving
The new wave of globalization and its economic effects drives pan-entertainment, manufacturing and e-commerce change. As a bridge between businesses and consumers, global payments are in the spotligh
Company News |
2024-09-03 08:01:20
