OnerWay (formerly Pacypay), the payment service provider and fund collection brand of Ronghan International, today announces that has been granted the Principal Member status of Mastercard for acquiring services in the United Kingdom.
The Principal Membership enables OnerWay to provide card scheme acquiring services to their UK merchants, giving them access to the innovative payment solutions, with competitive rates and fast onboarding.
Obtaining Mastercard Principal Membership represents the global expansion of payment services and successful streamlining of business operations at Ronghan International and its brand - OnerWay. After seeing 300% YoY growth in total payment volume achieving the milestone of Mastercard Principal membership allows OnerWay to capitalize on growing E-Commerce trends in the UK.
The company provides acquiring services to merchants and transacts seamlessly through industry-leading capabilities, including innovative features such as a single API connection, in-house payment gateway and data insights to optimize their further processes and revenue streams. In addition, OnerWay’s single API integration gives merchants access to over 30 different payment methods across the globe including AliPay, WeChat Pay, Klarna, iDeal and more.
Kyle Paisley, Strategic Partnership Manager, OnerWay commented:
“Obtaining our Mastercard Principal Membership for acquiring services is a huge milestone for us at OnerWay and will benefit our customers through streamlined onboarding, clear transparent pricing and faster settlements. Going forward we now can expand our merchant base in the UK and continue to grow our payment services division”