Optal Becomes Principal Member Of Mastercard In Hong Kong
February 1, 2016
London, 1 Febuary 2016: Optal Limited today announced that it has expanded its global operations, becoming a principal member of MasterCard in Hong Kong.
Optal’s wholly owned subsidiary, Optal Asia Limited, holds a Money Service Operator’s license in Hong Kong and has now been granted MasterCard principal membership. Optal’s UK subsidiary, Optal Financial Limited, is already one of Europe’s leading virtual card issuers, enabling customers to make business-to-business payments securely and efficiently.
Optal Managing Director, Rob Bishop, said, “Securing this licence is important to support our global growth aspirations. There is already very strong demand for our virtual card solutions in the Asian region. Having this licence enables us to broaden our service offering and to create new, bespoke payment solutions for the Asian region.”
Optal’s Chairman, Andre Sekulic, formerly President of MasterCard Asia Pacific, Middle East and Africa, said, “Optal’s strength is as an ecommerce enabler. The growth of ecommerce in the Asian region creates significant opportunities for Optal to help its customers make payments more efficient and reduce associated costs. We’re looking forward to continuing to work with our key business partners to execute new, Asian based opportunities.”
Optal is re-inventing how payment processes work across complex industries. By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.
As a long term strategic partner and a principal member of MasterCard in the UK and now Hong Kong, Optal issues MasterCard branded payment products, driving its focus on developing and bringing to market game-changing payment solutions.
Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its primary issuer of virtual credit cards.