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AsiaPay Ltd. has signed an online-payments deal with ChinaPay E-Payment Service Co. Ltd., the online-payment subsidiary of China UnionPay, the Hong Kong-based processing and payment-technology vendor announced Tuesday. The deal enables AsiaPay's approximately 3,000 merchants to accept "online real-time payments from Chinese consumers," the two firms say in a statement. The service can settle transactions in four currencies: Hong Kong dollars, U.S. dollars, euros and Japanese yen. Earlier this year, ChinaPay signed a similar deal with Rahaxi Inc., a European processor based in Ireland that enables Chinese consumers to buy goods from European Web merchants (CardLine Global, 9 Jan.).
