Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, December 01 2020 - 14:49
EVONET Global Pte. Ltd Raises USD30 Million in Series A Round of Financing
SINGAPORE, Dec. 1, 2020 /PRNewswire-AsiaNet/ --

EVONET Global ("the Company") is excited to announce that it has successfully 
raised USD 30 million in series A round funding from TIS Inc. ( 
through CardInfoLink. The proceeds will be used to set up an innovative 
platform and business for financial services to support interoperability among 
mobile wallet operators, QR code acquirers and financial service providers. 
Once established, the platform will enable cross-border retail payment 
transactions and digitized financial services such as remittance, insurance and 
other services on mobile wallets globally. Users of mobile wallets can safely 
and conveniently access the services anytime, anywhere.

This new round of investment will also enable EVONET Global to capitalize on 
its position as a new technology leader in the mobile payment and financial 
services industry in East Asia to further expand its global footprints. As the 
mobile payment and financial services in the region are growing exponentially, 
the platform can help to grow the business to greater height through 
interoperability and shared financial services. 

"The platform can create a new revenue stream and increase competitive 
advantage for mobile wallet operators by enabling interoperability retail 
payment and allowing mobile wallet users to access Northeastern Asia digitized 
financial services. The transaction volume is expected to grow rapidly in near 
future thanks to strong mobile lifestyle adoption," said James Zhao, CEO of 
EVONET Global.

About EVONET Global Pte. Ltd.

EVONET Global Pte. Ltd. is a fully owned subsidiary for CardInfoLink. It is an 
innovative financial services platform which helps to create a new revenue 
stream and increase the competitive advantage to connected mobile wallet 
partners by offering digitized financial services and cross-border retail 
payment service to their users.

About TIS Inc.

TIS Inc., a member of the TIS INTEC Group provides several IT solution services 
including entrusted development, data center and cloud services. At the same 
time, TIS is contributing to the growth of its customers business, a client 
base of more than 3,000 customers from various industries, such as financial 
services, manufacturing, logistics/distribution, public services and 
telecommunications, by being their technology partner and offering global 
support to companies with a presence mainly in China and the ASEAN region.

About CardinfoLink

CardInfoLink was established in. 2010. It provides innovative payment 
technological solutions to more than 100 banks and non-banks for processing 
payment transactions in China, Japan, Korea and South East Asia. The 
international payment brands supported are Visa, MasterCard, UnionPay, Amex, 
JCB, Discover, Diners Club, MPU, Truemoney, GrabPay, WeChat Pay and AliPay . In 
addition, it also provides loyalty programs, escrow payment, mini-program and 
other innovative services. It has established offices in Shanghai, Wuxi, Hong 
Kong, Tokyo, Bangkok and Singapore to serve the increasing number of customers.

Foo Kok Hee
Regional Business Development Head

Source: EVONET Global