The Official Launch of Tenpay American Express(R) Virtual Pay
BEIJING, Nov. 19, 2012
BEIJING, Nov. 19, 2012 /PRNewswire/ --Tenpay, a leading third-party online
payment platform in China, announced the launch of "Tenpay American Express^®
Virtual Pay" – the first virtual pay product introduced by Tenpay on its
platform with state-of-the-art security features supported by the American
Express network, making overseas online shopping more secure than ever.
Tenpay American Express Virtual Pay comes with a "one time password" security
function which automatically generates a different password for each online
transaction made by Tenpay customers.Customers need not worry about their
passwords being compromised as the password can be used only once thus
safeguarding their Tenpay accounts when doing overseas online shopping.
Tenpay American Express Virtual Pay also enables Tenpay customers to shop for
fashion, electronics, cosmetics, books and audio & video products, and other
retail goods at many overseas online merchants accepting American Express,
such as Bloomingdales, Beautyexpert.co.uk., Apple AppStore.They can also shop
at international airlines and hotels websites, such as Finnair, Agoda, for air
tickets and hotel accommodations.
Jim Lai, General Manager, Tenpay, said, "Tenpay American Express Virtual Pay
customers can settle in RMB when they shop at overseas online merchants to
enjoy the same settlement experience that they are used to with domestic
Shopping at online merchants that require U.S. shipping addresses will no
longer be a problem for Tenpay American Express Virtual Pay customers. With
globaleshop from American Express -- a transshipment service for Tenpay
American Express Virtual Pay customers, customers would be designated a U.S.
address to complete their purchases, and have the goods forwarded to their
home address in China.
To encourage Tenpay customers to use this new service, Tenpay is offering
multi-promotional offers including Tenpay Points and Q coins for customers who
activate their Tenpay American Express Virtual Pay. The first 1000 customers
who use their Virtual Pay privilege will also stand a chance to win cash
vouchers.Customers can also enjoy exclusive offers provided by Finnair,
Agoda, Beautyexpert.co.uk, Bloomingdales and comGateway.More offers and
benefits will be added in the future exclusively for Tenpay American Express
Virtual Pay customers.
Kula Kulendran, Executive Vice President and Head of Global Network Services,
Japan, Asia Pacific, Australia, American Express, said, "The partnership with
Tenpay is a milestone for American Express' development in China.The "one
time password" security function provides Chinese consumers with peace of mind
in terms of security.We believe this new product will drive further business
opportunities for both Tenpay and American Express."
Jim Lai, General Manager, Tenpay, said, "Our partnership with American Express
will not only strengthen our competitive edge against other third-party
payment service providers in China, but also greatly accelerate our business
development in cross-border online payment market segment by providing Chinese
consumers great value and convenience with online shopping."
Tenpay, an integrated payment platform launched by Tencent to meet the needs
of its 1.1 billion QQ users, has grown into one of China's leading online
payment platforms. Tenpay commits to provide airlines, logistics, insurance,
games, B2C business and other industries with professional and secure online
payment solutions. As the end of 2011, the registered Tenpay users accounts
amounted to 190 million.
About American Express
American Express is a global services company, providing customers with access
to products, insights and experiences that enrich lives and build business
success.Since 1996, American Express has been pursuing a strategy of opening
its merchant network and card product portfolio to third party issuers around
the world.By leveraging its global infrastructure and the powerful appeal of
the brand, American Express has gained even broader reach for its network
worldwide. American Express has now established 146 partnerships in 159
markets across the world.Learn more at www.americanexpress.com/gns.
Contact: Tenpay, Horace Liu, +86-755-8601-3388 x81067, firstname.lastname@example.org
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