ISignthis conducts customer due diligence on eBay payments at the AML / CT KYC level, which will in turn provide a compliance solution for merchants located outside of China - businesses that partner with EproPay will be able to take advantage of iSignthis integrated Pay for identity (paydentity) services, and better deal with Chinese consumers.
Traditional payment applications typically include payment services such as travel, e-commerce and foreign exchange, but with the integration of iSignthis services, foreign merchants will have the opportunity to win more Chinese tourists.
NJ Karantzis, president of iSignthis, commented that China's online payment grew rapidly in the past five years. In the first two months of 2016, China's online retail sales reached US $ 98 billion, up 27% from the same period last year. Integration with Epro's paid technical services will give iSignthis many new customers and potential revenue streams.
ISX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
