Sino Payments, a provider of stand-alone ecommerce processing capability, will open an office in Shenzhen China.
Sino Payments’ president and chief executive officer (CEO) Matthew Mecke said: “Our new customer order book is growing to the point where we are confident we will be able to achieve operating profit on a monthly basis within 2010 and as a result of the increasing opportunities we are seeing on a near daily basis, Sino Payments will open an office within the next few months in the Shekou area of Shenzhen in China to help provide service and sales support for Chinese customers as well as to serve as a regional hub to support the increasing Asian merchants we are signing. It has been some time to build out where we are today and most of the news we have not been able to make public yet but we expect this all to change very soon and are excited about the future for Sino Payments.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.