What is New pay? New pay Review, Features

New pay is an encrypted digital wallet in the Newton community economy and the center of the entire Newton ecological economy. Users can manage digital assets, complete transfer payments, participate in community governance by voting and running for community nodes, participate in various Newton economic activities to win NEW incentives, and jointly build the Newton ecological economy.

About New pay

New Pay's parent company was established in 2020 and is the first third-party payment company in Laos approved by the Central Bank of Laos. New Pay can be compared to China's Alipay. It cooperates with institutions such as Laos LDB Bank and Laos BCEL Bank to provide basic services such as transfer, travel, mobile phone recharge, and salary payment to the Lao people.

New pay's products

1. Collection and settlement of foreign exchange

NewPay provides merchants with safe, efficient and convenient foreign exchange collection and settlement services, supporting major global currencies such as the U.S. dollar, euro, pound sterling, yen, Australian dollar, Hong Kong dollar, Canadian dollar, etc., and provides overseas localized acquiring services in Europe, South America, Russia and other regions.

2. Purchase and payment of foreign exchange

NewPay provides foreign exchange purchase and payment services in currencies such as USD, EUR, GBP, JPY, AUD, HKD, CAD, etc. Funds can be purchased in real time and the funds can be received as soon as T+1 day. It also provides batch centralized foreign exchange payment services.

3. Cross-border RMB payments

Cross-border RMB settlement business is a two-way payment business, including domestic payments to foreign countries and foreign payments to domestic countries. It is a cross-border payment business in which all domestic and foreign payments are made in RMB.

4. Foreign card acquiring

• International Credit Cards

We provide you with international credit card payments such as Visa, Master, JCB, etc., support 3D and non-3D channels, and adopt credit card transaction anti-fraud system to provide credit card transaction anti-fraud security protection for customers in the fields of aviation, hotels, travel services, etc.

• Overseas localized payment

NewPay has reached cooperation with multiple overseas channel service providers such as Yandex, QIWI, SEPA and other payment institutions to carry out international card acquiring business, provide overseas local acquiring business in Europe, South America, Russia and other regions, and provide merchants and users with high-quality and secure payment channels.

New pay's core advantages

• Complete payment system + comprehensive service solutions for the industrial chain;

• Payment + logistics + supply chain finance is differentiated, customized and full-chain.

• Diversified payment systems;

• A safe, convenient and efficient payment system.