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One World Ventures, Inc. Negotiates Agreement With NuPay to Facilitate Processing, Settlement & POS Terminal Services for China Union Pay (CUP) Cards
Press Release
Source: One World Ventures, Inc.
On Wednesday September 30, 2009, 9:30 am EDT
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Companies:One World Ventures, Inc.
LAS VEGAS, NV--(Marketwire - 09/30/09) - One World Ventures, Inc. (Pinksheets:OWVI - News) announced today that it has negotiated an agreement with NuPay System (U.S.) Inc. to recruit NuPay Processor, Settlement Bank & POS Terminal Maintenance Company of China Union Pay (CUP) Cards in Southern California. China Union Pay (CUP) is the issuer of the CUP card, which now has over 1.73 Billion credit and debit cards in circulation up 18% from last year making it the largest growing card market in the world today. Under the agreement, One World will recruit the best NuPay processor, settlement bank & POS terminal maintenance company and profit share with NuPay for the services of both credit and debit CUP card transactions through NuPay in Southern California.
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OWVI.PK 0.0023 +0.0004
{"s" : "owvi.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} "One World Ventures Inc. is excited to be working with NuPay System (U.S.) building on our agreement last week and now better able to provide our China based customers greater buying convenience while traveling to Southern California," said Steve Prior, CEO of One World Ventures. "The acceptance of CUP cards in Southern California is an important milestone in our global network development."
About China Union Pay (CUP)
China Union Pay Co., Ltd. is the only national payment network in China, with more than 1 billion cards issued on its network. China Union Pay cards are accepted in 26 countries and regions, including Hong Kong, Macau, Japan, Korea, Germany, France and Australia.
About NuPay System (U.S.) Inc.
NuPay signed the Acquiring Agreement with CUP on Aug 2009. NuPay is the direct-connect CUP Cards Acquirer in the U.S., it has the lease line direct connect its U.S. equipments to the CUP FEPS, CUP international gateway in Hong Kong. NuPay will provide full range of CUP products and services in the U.S. with Acquiring for starting. Acquiring is including recruiting merchants, providing POS terminals installation, maintenance, processing and settlement services. Besides, NuPay is issuing CUP cards in Hong Kong and China through its group companies.
About One World Ventures, Inc.
One World Ventures, Inc. is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.
The Company looks for simple inexpensive alternatives to traditional ways of doing business. The strategic goal in every business is in leveraging assets and opportunities globally, focusing on niche markets and providing cost effective operations. The company's unique holdings will provide revenues predominantly derived from memberships, commissions and transactions.
Safe Harbor Statement:
This release contains forward-looking statements with respect to the results of operations and business of One World Ventures, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.