Fuiou Pay Collaborates with Visa and Nium to Launch Global Business Payment Solution

Fuiou Pay (Fuiou), a technology-driven payment company with full licenses from China which provides technology, service and solution for global mobile payment, announced that it has collaborated with leading global digital payment company Visa and open bank Nium in Hong Kong to jointly launch a B2B global payment solution. 

Through this collaboration with Visa and Nium, Fuiou seeks to create global payment products and solutions for cross-border e-commerce, advertising, overseas education and cross-border travel, among other major payment categories, and offer the services like Card customisation and Multi-format support to different sectors across a wide range of payment scenarios. 

In addition to the booming cross-border e-commerce industry, as well as those enterprises along its upstream and downstream industrial chains, the three parties have also kept track of the recovery of the aviation and travel sectors and the demand of global enterprises in relation to payments for international purchases. With the bridge built by Visa, Nium and Fuiou, this brand-new business payment solution can expand the reach of B2B payments, narrow the gap between small enterprises and their suppliers, and make cross-border payment easier and more accessible.

Maaike Steinebach, General Manager Visa, Hong Kong and Macau, said: "Halfway through the pandemic last year, only 4 in 10 small-and-medium enterprises (SMEs) in Hong Kong are selling online. Today more than 3 in 5 are engaged in eCommerce. The ability to make and receive simple, fast and secure digital payments, and integrating that to overall business operation, is crucial. Visa is excited to partner with Fuiou and Nium to enable small businesses to bring such comprehensive B2B payment solutions to SMEs in Hong Kong region, Greater China and beyond."