Singapore-based YuuZoo Corporation has announced its global payment services.
YuuZoo is headquartered in Singapore and it builds private social networks for brands and companies. It has over 35 million registered users in 164 countries.
"YuuZoo's new gateway is connected to over 200 banks in 60 countries, and includes cutting edge fraud detection and risk management capabilities," a company spokesman said. "The gateway offers fast, secure and reliable online transactions services to global merchants who are looking to connect with customers in multiple currencies in multiple regions."
The service will be operating in the payment space through its 100 percent owned subsidiary YuuPay Secure Pte. Ltd. ("YuuPay").
According to YuuZoo's CEO Thomas Zilliacus, its payments business is attractive as it offers significantly better rates than what the market on average commands, with faster connectivity and proven technology infrastructure.
"As the integrated payment gateway for YuuZoo, which has over 37 million registered users across 164 countries, YuuPay is an integral part of the YuuZoo ecosystem," said Zilliacus. "It empowers the brands and network owners we work with to monetise their e- and m-commerce activity in the targeted social networks. YuuPay provides our customers with complete payment solutions."
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