A new partnership between Computop and AsiaPay, plans to enable retailers to securely process payments in Asia-Pacific.

This will be achieved through Computop’s Paygate payment gateway using the payment methods that consumers in the region prefer and trust, helping to positively impact sales and the overall customer experience.

The world’s largest retail e-commerce market

A recent e-Marketer report noted that Asia-Pacific will remain the world’s largest retail e-commerce market, with sales expected to top US$1 trillion in 2016 and more than double to US$2.725 trillion by 2020.

Findings also noted that the region will see the fastest rise in retail e-commerce sales, increasing 31.5% this year.

In addition, according to a study by Kantar TNS, Asia-Pacific is leading the world in mobile payment with over half (53%) of connected consumers using their mobile phones to pay for goods or services at the point-of-sale via apps. As such, the Computop and AsiaPay partnership will enable retailers to capitalise on the growth opportunity that Asia-Pacific presents.

Edited from press release by Jordan Platt.