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News Centre Signs Merchant Agreement with Air Charter Service

 MoneySwap Plc

 ("MoneySwap" or the “Company”)

18 March 2014
 

Signs Merchant Agreement with Air Charter Service 

 

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licenced for UnionPay in the UK, is pleased to announce it has signed a merchant agreement (the “Agreement”) with Air Charter Service (“ACS”), a leading global aircraft chartering specialist, which will enable ACS to accept UnionPay bank cards using MoneySwap’s solution.  This Agreement is in line with MoneySwap’s strategy to become a leading provider of UnionPay online payment solutions to UK merchants and in the process provide its shareholders with exposure to the continued rapid increase in Chinese tourism and spending in the UK.  

ACS specialises in the chartering of private jets, helicopters, airliners and cargo aircraft.  It arranges nearly 7,500 charters per year with a cumulative turnover exceeding US$400 million for clients including international companies, government entities and high net worth individuals.  In 2013, ACS was voted Cargo Charter of the Year at the ACW World Cargo Awards and Charter Broker of the Year at the Payload Asia Awards. 

 

Richard Proksa, Chief Executive Officer of MoneySwap, said: “We are delighted to partner with ACS and enable it to accept payment via UnionPay cards, the largest bankcard in circulation in China, with over 800 million cardholders.  This will make it easier for Chinese travellers to pay for charters with ACS and for ACS to better serve and accommodate its growing Chinese customer base.  This Agreement with ACS follows our Sales Partnership Agreement with SoEasyPay, a significant Payment Services Provider in the UK earlier this year.  With discussions on-going with other payment providers and UK merchants, we expect to secure similar agreements in the near future, as we look to provide UK merchants with reliable functionality to accept payment from Chinese customers.” 

 

Air Charter Service CEO, Justin Bowman commented: “With our growing share of the Asian private jet and cargo aircraft charter markets, we are keen to ensure our customers’ booking process is as easy as possible.  The private jet charter market is particularly competitive, so having a product that will allow us to accept Chinese clients’ preferred payment method in all of our global locations is of great value to the Air Charter Service Group.” 

 

- Ends- 

 

For further information, please contact: 

 
MoneySwap Plc
Allenby Capital Limited
St Brides Media and Finance Ltd
 
Nominated Adviser
Financial PR
Richard Proksa
Chief Executive Officer
Nick Naylor
Alex Price 
James Reeve
Frank Buhagiar
Susie Geliher
 
+852 3919 9888  
+44 20 3328 5656
+44 20 7236 1177
 

About MoneySwap (www.moneyswap.com)

MoneySwap provides payment solutions and gateways to merchants which allow both online and point of sale transactions to be settled using UnionPay cards in the UK.  In addition, UnionPay has licensed MoneySwap for its MoneyExpress service which enables overseas persons to send funds directly to UnionPay cardholders in China.  The Company also offers prepaid card services working with partners such as Corner Bank, Switzerland and Visa and offers an online peer to peer platform for currency exchange and payments.  The Company’s shares are traded on the London Stock Exchange's AIM market (AIM: SWAP). More information can be found at www.moneyswap.com.